Funds used for working capital; ordinary shares sold at A$0.11 apiece
By Devika Patel
Knoxville, Tenn., July 18 - Apex Minerals NL said it has arranged a A$2.74 million private placement of shares.
The company will sell about 24.9 million ordinary shares at A$0.11 apiece, an 8.33% discount to the July 17 closing share price of A$0.12.
Proceeds will provide additional working capital to assist the company in meeting its production guidance for the September quarter.
Apex is a gold exploration company based in West Perth, Australia.
| Issuer: | Apex Minerals NL
|
| Issue: | Ordinary shares
|
| Amount: | A$2.74 million
|
| Shares: | 24.9 million (approximate)
|
| Price: | A$0.11
|
| Warrants: | No
|
| Pricing date: | July 18
|
| Stock symbol: | Australia: AXM
|
| Stock price: | A$0.12 at close July 17
|
| Market capitalization: | A$6.42 million
|
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