By Marisa Wong
Milwaukee, Dec. 17 - Overland Resources Ltd. announced that it has raised A$6 million through a private placement of shares.
The company sold 70.6 million shares at A$0.085 per share.
Overland is also offering a shareholder purchase plan for the additional issuance of up to 22.2 million shares at A$0.085 per share, to raise up to A$1.89 million.
The placement was made by KTM Capital Pty Ltd.
Funds raised will be used to advance the Yukon Base Metal Project.
Overland is a West Perth, Australia-based minerals exploration company.
| Issuer: | Overland Resources Ltd.
|
| Issue: | Shares
|
| Amount: | A$6 million
|
| Shares: | 70.6 million
|
| Price: | A$0.085
|
| Agent: | KTM Capital Pty Ltd.
|
| Settlement date: | Dec. 17
|
| Stock symbol: | Australia: OVR
|
| Stock price: | A$0.90 at close Dec. 17
|
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