By Sheri Kasprzak
New York, March 27 - Mineral Deposits Ltd. has closed an A$150 million PIPE.
The company issued 100 million shares in the deal through agents Haywood Securities Inc., Wilson HTM and Euroz Securities Inc.
Proceeds will be used for exploration on the company's Grande Cöte zircon project and its Sabodala gold project.
The company has also instituted an A$5,000 share purchase plan. Certain of the company's shareholders will have the chance to buy up to A$5,000 in stock at A$1.50 each. The plan will close on April 27.
Based in Melbourne, Australia, Mineral Deposit is a mineral exploration company.
| Issuer: | Mineral Deposits Ltd.
|
| Issue: | Stock
|
| Amount: | A$150 million
|
| Shares: | 100 million
|
| Price: | A$1.50
|
| Warrants: | No
|
| Placement agent: | Haywood Securities Inc., Wilson HTM and Euroz Securities Inc.
|
| Settlement date: | March 27
|
| Stock symbol: | Australia: MDL
|
| Stock price: | A$1.68 at close March 27
|
|
|
© 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.
