By Devika Patel
Knoxville, Tenn., July 14 - Atomic Resources Ltd. said it has completed a A$2.24 million private placement of shares.
The company sold 14,944,530 ordinary shares at A$0.15 apiece.
The deal was arranged by Alto Capital and Delta Capital.
Proceeds will be used to fund ongoing work programs at the Ngaka Coal project in Tanzania and as additional working capital.
Based in Perth, Western Australia, Atomic Resources is a mineral exploration company.
| Issuer: | Atomic Resources Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$2,241,680
|
| Shares: | 14,944,530
|
| Price: | A$0.15
|
| Warrants: | No
|
| Settlement date: | July 14
|
| Stock symbol: | Australia: ATQ
|
| Stock price: | A$0.20 at close July 14
|
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