By Sheri Kasprzak
New York, Nov. 29 - Mineral Securities Ltd. said it completed a private placement for A$1.77 million.
The company issued 1.77 million shares at $1.00 apiece in the offering.
Separately, Macquarie Bank Ltd. has agreed to increase its existing short-term debt facility to A$3 million from A$2 million.
The company issued 1.1 million options to Macquarie and Kiwi Pacific Investments Ltd.
Based in Perth, Western Australia, Mineral Securities invests in early-stage resource companies.
| Issuer: | Mineral Securities Ltd.
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| Issue: | Stock
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| Amount: | A$1.77 million
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| Shares: | 1.77 million
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| Price: | A$1.00
|
| Warrants: | No
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| Settlement date: | Nov. 29
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| Stock price: | A$1.135 at close Nov. 29
|
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