By Sheri Kasprzak
New York, March 6 - Angus & Ross plc said it settled a private placement for £3.3 million.
The company sold 33 million shares at 10p each to a group of institutional investors.
Teather & Greenwood Ltd. was the placement agent.
Proceeds will be used for diamond drilling, an airborne geophysical survey and environmental impact study, exploration and re-entry on the Black Angel zinc mine and working capital.
Based in Kirkbymoorside, England, Angus & Ross is a mineral exploration company.
| Issuer: | Angus & Ross plc
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| Issue: | Stock
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| Amount: | £3.3 million
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| Shares: | 33 million
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| Price: | 10p
|
| Warrants: | No
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| Placement agent: | Teather & Greenwood Ltd.
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| Settlement date: | March 6
|
| Stock symbol: | London: AGU
|
| Stock price: | 11.34p at close March 3
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