By Devika Patel
Knoxville, Tenn., April 15 - Jackson Minerals Ltd. announced it will conduct a private placement of shares for A$1.22 million.
The company will sell ordinary shares at A$0.135 per share.
AustInvestments Global Consulting Pty Ltd. is the agent and will receive one option for every two shares placed. The options will be exercisable at A$0.15 until May 31, 2009.
Proceeds will be used for project studies, purchasing long lead-time capital items, project advancement and additional working capital.
Jackson is a West Perth, Australia-based mineral exploration company focused on uranium, base metals and precious metals in Australia and Argentina.
| Issuer: | Jackson Minerals Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$1,215,000
|
| Price: | A$0.135
|
| Warrants: | No
|
| Agent: | AustInvestments Global Consulting Pty Ltd.
|
| Pricing date: | April 15
|
| Stock symbol: | Australia: JAK
|
| Stock price: | A$0.145 at close April 15
|
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