By Susanna Moon
Chicago, June 21 - Hazelwood Resources Ltd. said it will place A$2.1 million in a stock placement to sophisticated clients of Ascot Securities Pty. Ltd.
The company plans to issue 7 million shares at A$0.30 each.
Proceeds will be used for the company's Cookes Creek nickel project.
The company's short form prospectus provides for an additional 1,000 shares at $0.30 each.
Hazelwood is a metals exploration company based in Perth, Australia.
Issuer Hazelwood Resources Ltd.
| Issue: | Stock
|
| Amount: | A$2.1 million
|
| Shares: | 7 million
|
| Price: | A$0.30
|
| Warrants: | No
|
| Investors: | Sophisticated clients of Ascot Securities Pty. Ltd.
|
| Announcement date: | June 21
|
| Stock symbol: | Australia: HAZ
|
| Stock price: | A$0.31 at close June 21
|
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