Company sells 4.4 million common shares at C$0.25 apiece in offering
By Devika Patel
Knoxville, Tenn., Oct. 28 – Levon Resources Ltd. said on Oct. 24 that it will conduct a C$1.1 million private placement of stock.
The company will sell 4.4 million common shares at C$0.25 apiece. The price per share is a 3.85% discount to the Oct. 23 closing share price of C$0.26.
Based in Vancouver, B.C., Levon Resources is a gold and precious metals explorer.
| Issuer: | Levon Resources Ltd.
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| Issue: | Common stock
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| Amount: | C$1.1 million
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| Shares: | 4.4 million
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| Price: | C$0.25
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| Warrants: | No
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| Pricing date: | Oct. 24
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| Stock symbol: | Toronto: LVN
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| Stock price: | C$0.26 at close Oct. 23
|
| Market capitalization: | C$50.01 million
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