By Devika Patel
Knoxville, Tenn., Dec. 15 - Australasia Gold Ltd. said it plans a A$1 million private placement of shares.
The company will sell 50 million shares at A$0.02 each, with an initial tranche of A$80,000.
Proceeds will relieve the company's severe funding pressures.
Based in Stirling, Australia, Australasia explores for gold.
| Issuer: | Australasia Gold Ltd.
|
| Issue: | Shares
|
| Amount: | A$1 million
|
| Shares: | 50 million
|
| Price: | A$0.02
|
| Warrants: | No
|
| Pricing date: | Dec. 15
|
| Stock symbol: | Australia: AAO
|
| Stock price: | A$0.035 at close Dec. 15
|
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