Published on 6/15/2006 in the Prospect News PIPE Daily.
New Issue: La Mancha Resources raises C$40.28 million in private placement
By Sheri Kasprzak
New York, June 15 - La Mancha Resources Inc. closed a C$40,282,700 private placement.
The company sold 26,855,134 subscription receipts at C$1.50 each.
Each receipt is exchangeable for one common share once La Mancha completes its reverse takeover by Compagnie Française de Mines et Métaux, a subsidiary of Areva NC.
La Mancha, based in Vancouver, B.C., is a gold exploration company.
| Issuer: | La Mancha Resources Inc.
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| Issue: | Subscription receipts exchangeable for common shares
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| Amount: | C$40,282,700
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| Receipts: | 26,855,134
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| Price: | C$1.50
|
| Warrants: | No
|
| Settlement date: | June 15
|
| Stock symbol: | TSX Venture: LMA
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| Stock price: | C$1.40 at close June 15
|
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