By Sheri Kasprzak
New York, Oct. 14 - Table Mountain Minerals plc said it has priced a £3 million private placement.
The company plans to sell 30 million shares at 10p each. The price per share is a 3.6% discount to the company's closing mid-market price of 10.375p on Oct. 13.
Corporate Synergy plc is the placement agent.
Separately, Table Mountain intends to change its name to Plectrum Petroleum plc on Oct. 27.
Based in London, Table Mountain is a mineral exploration company.
| Issuer: | Table Mountain Minerals plc
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| Issue: | Stock
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| Amount: | £3 million
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| Shares: | 30 million
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| Price: | 10p
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| Warrants: | No
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| Placement agent: | Corporate Synergy plc
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| Pricing date: | Oct. 14
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| Stock price: | 10.35p at close Oct. 13
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