Company gets financing for exploration at Batie West, working capital
By Devika Patel
Knoxville, Tenn., Sept. 8 - Ampella Mining Ltd. said it plans a A$41.93 million private placement of stock.
The company will sell 21.5 million ordinary shares at A$1.95 apiece. The per-share price is a 7.58% discount to A$2.11, the closing share price on Sept. 7.
Settlement is expected Sept. 21.
Proceeds will be used for exploration at Ampella's Batie West Project, working capital, expenses of the offers and general corporate purposes.
Based in Perth, Western Australia, Ampella Mining is a mineral exploration company.
| Issuer: | Ampella Mining Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$41,925,000
|
| Shares: | 21.5 million
|
| Price: | A$1.95
|
| Warrants: | No
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 21
|
| Stock symbol: | Australia: AMX
|
| Stock price: | A$2.11 at close Sept. 8
|
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