Company sells 8.8 million shares at A$0.25 per share through offering
By Devika Patel
Knoxville, Tenn., Jan. 23 - KBL Mining Ltd. said it completed a A$2.2 million private placement of shares. The placement was arranged through Martin Place Securities and received strong support, the company said.
The company sold 8.8 million shares at A$0.25 per share, which is a 7.41% discount to the Jan. 20 closing share price of A$0.27.
Proceeds will be used as working capital.
KBL is a Sydney, Australia, gold and silver mining company.
| Issuer: | KBL Mining Ltd.
|
| Issue: | Shares
|
| Amount: | A$2.2 million
|
| Shares: | 8.8 million
|
| Price: | A$0.25
|
| Warrants: | No
|
| Settlement date: | Jan. 23
|
| Stock symbol: | Australia: KBL
|
| Stock price: | A$0.27 at close Jan. 20
|
| Market capitalization: | A$49.8 million
|
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