By Laura Lutz
Des Moines, Oct. 18 - Murchison United NL completed a private placement for A$1.5 million.
The company sold 25 million ordinary shares to sophisticated clients of Hartleys Ltd. for A$0.06 per share.
Proceeds will be used for exploration at the company's uranium projects in Guinea and Mauritania; evaluation of its Millenium copper project in Queensland, Australia, and its joint venture interest in the Maroochydore copper project in Western Australia; and investigation of other opportunities.
Murchison is a minerals exploration company with headquarters in West Perth, Western Australia.
| Issuer: | Murchison United NL
|
| Issue: | Ordinary shares
|
| Amount: | A$1.5 million
|
| Shares: | 25 million
|
| Price: | A$0.06
|
| Warrants: | No
|
| Agent: | Hartleys Ltd.
|
| Settlement date: | Oct. 18
|
| Stock symbol: | Australia: MUR
|
| Stock price: | A$0.055 at close Oct. 18
|
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