By Laura Lutz
Des Moines, Nov. 13 - Medusa Mining Ltd. raised A$10,645,630 from a private placement with sophisticated investors and investment funds from the United Kingdom, Australia and New Zealand.
The company sold 16,377,892 shares at A$0.65 each.
Ambrian Partners Ltd. and Westwind Partners (UK) Ltd. managed the deal.
Proceeds will be used to fund the company's A$13 million plan to merge with Philsaga Mining Corp. in the Philippines.
Medusa is a Perth, Australia-based gold producer with operations in the Philippines.
| Issuer: | Medusa Mining Ltd.
|
| Issue: | Shares
|
| Amount: | A$10,645,630
|
| Shares: | 16,377,892
|
| Price: | A$0.65
|
| Warrants: | No
|
| Managers: | Ambrian Partners Ltd., Westwind Partners (UK) Ltd.
|
| Settlement date: | Nov. 13
|
| Stock symbol: | Australia: MML
|
| Stock price: | A$0.80 at close Nov. 13
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
