By Sheri Kasprzak
New York, July 26 - Mintails Ltd. wrapped a private placement for A$15 million.
The company sold 60 million shares at A$0.25 apiece in two tranches.
The first tranche, for 20 million shares, was settled June 9. The remaining tranche, for 40 million shares, closed after the company received shareholder approval.
Bell Potter Securities Ltd. was the placement agent.
Proceeds will be used for growth initiatives at the West Rand project.
Based in Victoria, Australia, Mintails is a gold development and production company.
| Issuer: | Mintails Ltd.
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| Issue: | Stock
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| Amount: | A$15 million
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| Shares: | 60 million
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| Price: | A$0.25
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| Warrants: | No
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| Placement agent: | Bell Potter Securities Ltd.
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| Settlement date: | July 26
|
| Stock symbol: | Australia: MLI
|
| Stock price: | A$0.225 at close July 26
|
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