Published on 3/21/2005 in the Prospect News PIPE Daily.
New Issue: Tethyan Copper plans A$9.5 million private placement of stock
By Sheri Kasprzak
Atlanta, March 21 - Tethyan Copper Co. Ltd. said it plans to raise up to A$9.5 million in a private placement of stock.
The offering includes up to 16,379,000 shares at A$0.58 each.
Based in West Perth, Western Australia, Tethyan is a copper and gold exploration company. It plans to use the proceeds from the deal to accelerate the completion of its H4 bankable feasibility study and to accelerate its resource drilling program.
| Issuer: | Tethyan Copper Co. Ltd.
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| Issue: | Stock
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| Amount: | A$9.5 million (maximum)
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| Shares: | 16,379,000 (maximum)
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| Price: | A$0.58
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| Warrants: | No
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| Pricing date: | March 21
|
| Stock price: | A$0.62 at close March 21
|
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