By Devika Patel
Knoxville, Tenn., Oct. 20 - Hazelwood Resources Ltd. said it plans a A$10.35 million private placement of shares. It also plans a A$2 million shareholder purchase plan.
In the private placement, the company will sell 57.5 million ordinary shares at A$0.18 apiece in two tranches.
Hartleys Ltd. is the agent.
Proceeds will be used for resource drilling at the Cookes Creek Tungsten Project and for the bankable feasibility study at the Cookes Creek Tungsten Project.
Hazelwood is a metals exploration company based in Perth, Australia.
| Issuer: | Hazelwood Resources Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$10.35 million
|
| Shares: | 57.5 million
|
| Price: | A$0.18
|
| Warrants: | No
|
| Agent: | Hartleys Ltd.
|
| Settlement date: | Oct. 20
|
| Stock symbol: | Australia: HAZ
|
| Stock price: | A$0.20 at close Oct. 20
|
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