By Devika Patel
Knoxville, Tenn., June 1 - Ampella Mining Ltd. said it will raise A$4 million in a private placement of shares.
The company will sell 13,333,333 ordinary shares at A$0.30 per share.
The company will seek shareholder approval for this financing.
Proceeds will be committed to the company's Batie West gold exploration project in Burkina Faso, West Africa.
Ampella, based in Perth, Western Australia, is a mineral exploration company.
| Issuer: | Ampella Mining Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$4 million
|
| Shares: | 13,333,333
|
| Price: | A$0.30
|
| Warrants: | No
|
| Pricing date: | June 1
|
| Stock symbol: | Australia: AMX
|
| Stock price: | A$0.37 at close June 1
|
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