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Published on 10/15/2009 in the Prospect News PIPE Daily.

New Issue: Meteoric Resources announces A$1.86 million private placement of stock

By Devika Patel

Knoxville, Tenn., Oct. 15 - Meteoric Resources NL said it plans a A$1.86 million private placement of shares.

The company will sell 9.31 million ordinary shares at A$0.20 apiece.

Proceeds will be used for exploration.

The gold and base metal explorer is based in Western Perth, Australia.

Issuer:Meteoric Resources NL
Issue:Ordinary shares
Amount:A$1,862,000
Shares:9.31 million
Price:A$0.20
Warrants:No
Settlement date:Oct. 15
Stock symbol:Australia: MEI
Stock price:A$0.25 at close Oct. 15

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