Company sells common stock at $0.80 apiece, equal to March 25 price
By Devika Patel
Knoxville, Tenn., March 31 - Applied Minerals, Inc. settled a $2.25 million private placement of stock on March 28, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 2,812,500 common shares at $0.80 apiece. The price per share is identical to the March 25 closing share price.
Applied Minerals is a New York-based natural resources company.
| Issuer: | Applied Minerals, Inc.
|
| Issue: | Common stock
|
| Amount: | $2.25 million
|
| Shares: | 2,812,500
|
| Price: | $0.80
|
| Warrants: | No
|
| Settlement date: | March 28
|
| Stock symbol: | OTCBB: AMNL
|
| Stock price: | $0.76 at close March 28
|
| Market capitalization: | $54.71 million
|
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