By Sheri Kasprzak
Atlanta, Feb. 16 - Mano River Resources Inc. said it will raise £4 million from a private placement of shares.
The company plans to sell 40 million shares at 10p each to investors in the United Kingdom and Europe.
Fiske plc is the placement agent.
Based in Vancouver, B.C., Mano is a gold and diamond exploration and development company. It plans to use the proceeds for its exploration program over its range of gold and diamond targets in the Mano River Union countries, in particular gold projects in western Liberia. The remainder will be used for working capital.
| Issuer: | Mano River Resources Inc.
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| Issue: | Stock
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| Amount: | £4 million
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| Shares: | 40 million
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| Price: | 10p
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| Warrants: | No
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| Placement agent: | Fiske plc
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| Pricing date: | Feb. 15
|
| Stock price: | 11p at close Feb. 15
|
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