Deal proceeds will provide working capital at Woods Point Gold Project
By Devika Patel
Knoxville, Tenn., Nov. 23 - Morning Star Gold NL said it will sell 32.6 million ordinary shares to a single investor in a private placement.
The company will sell the shares at A$0.46 per share for A$15 million. The price per share is equal to the closing share price on Nov. 22.
Proceeds will be used for working capital at the Woods Point Gold Project based around Morning Star Goldmine.
Morning Star is a gold mining company based in Sydney, Australia.
| Issuer: | Morning Star Gold NL
|
| Issue: | Ordinary shares
|
| Amount: | A$15 million
|
| Shares: | 32.6 million
|
| Price: | A$0.46
|
| Warrants: | No
|
| Pricing date: | Nov. 23
|
| Stock symbol: | Australia: MCO
|
| Stock price: | A$0.455 at close Nov. 23
|
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