Published on 12/4/2009 in the Prospect News PIPE Daily.
New Issue: Lara Exploration to raise C$1 million via private placement of stock
By Devika Patel
Knoxville, Tenn., Dec. 4 - Lara Exploration Ltd. said it will raise C$1 million in a private placement of stock.
The company will sell 1,333,333 common shares at C$0.75 per share to Sprott Resource Corp.
Based in Vancouver, B.C., Lara is a gold exploration company.
| Issuer: | Lara Exploration Ltd.
|
| Issue: | Common shares
|
| Amount: | C$1 million
|
| Shares: | 1,333,333
|
| Price: | C$0.75
|
| Warrants: | No
|
| Investor: | Sprott Resource Corp.
|
| Pricing date: | Dec. 4
|
| Stock symbol: | TSX Venture: LRA
|
| Stock price: | C$0.79 at close Dec. 3
|
| Market capitalization: | C$15.4 million
|
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