By Sheri Kasprzak
New York, July 18 - Tanami Gold NL intends to raise A$15 million in a private placement through agent Hartleys Ltd.
The offering includes 60 million shares at A$0.25 each to international and domestic institutional investors.
Proceeds will be used to develop the Coyote gold mine and to fund additional exploration. The remainder will be used for working capital.
Based in West Perth, Western Australia, Tanami is a gold exploration company.
Issuer: | Tanami Gold NL
|
Issue: | Stock
|
Amount: | A$15 million
|
Shares: | 60 million
|
Price: | A$0.25
|
Warrants: | No
|
Placement agent: | Hartleys Ltd.
|
Pricing date: | July 18
|
Stock symbol: | Australia: TAM
|
Stock price: | A$0.265 at close July 18
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.