By Sheri Kasprzak
New York, July 14 - OmegaCorp Ltd. said it has completed a private placement for A$5.1 million.
The company sold 6 million shares at A$0.85 each to institutional investors, mainly in London and Australia, including Grange Securities and Foster Stockbroking.
The shares include one attached option for two common shares, exercisable at A$1.20 each through Sept. 30, 2007.
The proceeds will be used to accelerate uranium projects in southern Africa.
Based in Perth, Western Australia, OmegaCorp is a mineral exploration company.
| Issuer: | OmegaCorp Ltd.
|
| Issue: | Stock
|
| Amount: | A$5.1 million
|
| Shares: | 6 million
|
| Price: | A$0.85
|
| Options: | One option for two shares per share purchased
|
| Option expiration: | Sept. 30, 2007
|
| Option price: | A$1.20
|
| Investors: | Grange Securities and Foster Stockbroking, others
|
| Settlement date: | July 14
|
| Stock price: | A$0.92 at close July 14
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
