By Laura Lutz
Des Moines, Oct. 25 - Morning Star Gold NL arranged a placement of shares for A$1,582,202.40.
The company agreed to sell 7,911,012 ordinary shares to a sophisticated investor group at A$0.20 each.
The placement will be conducted under the company's capacity to issue up to 15% of its stock.
The company also arranged an underwritten private placement of 6.5 million unlisted options expiring Jan. 31, for additional proceeds of A$975,000.
Proceeds from both deals will be used for exploration at the company's Morning Star project.
Morning Star is a gold mining company based in Sydney, Australia.
| Issuer: | Morning Star Gold NL
|
| Issue: | Stock
|
| Amount: | A$1,582,202.40
|
| Shares: | 7,911,012
|
| Price: | A$0.20
|
| Warrants: | No
|
| Announcement date: | Oct. 25
|
| Stock symbol: | Australia: MOO
|
| Stock price: | A$0.235 at close Oct. 25
|
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