By Sheri Kasprzak
New York, March 3 - Scimitar Resources Ltd. said it intends to raise A$1 million in a private placement.
The offering includes up to 3,333,333 shares at A$0.30 each.
Barclay Wells Ltd. and Ark Equities Pty. Ltd. are the placement agents.
Proceeds will be used for drilling at the company's Yanrey uranium project.
Based in West Perth, Western Australia, Scimitar is a uranium exploration company.
| Issuer: | Scimitar Resources Ltd.
|
| Issue: | Stock
|
| Amount: | A$1 million (maximum)
|
| Shares: | 3,333,333 (maximum)
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| Price: | A$0.30
|
| Warrants: | No
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| Placement agents: | Barclay Wells Ltd. and Ark Equities Pty. Ltd.
|
| Pricing date: | March 3
|
| Stock symbol: | Australia: SIM
|
| Stock price: | A$0.335 at close March 3
|
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