By Marisa Wong
Milwaukee, May 28 - Azumah Resources Ltd. announced that it has arranged an institutional placement of shares to raise A$11.16 million.
Azumah has placed 27.9 million shares at A$0.40 per share.
Clarus Securities Inc., BGF Equities and Blackswan Equities Ltd. are the agents.
Proceeds will be used for exploration and development of Azumah's Wa Gold Project in northwestern Ghana.
Azumah is a mineral exploration and production company based in West Perth, Australia.
| Issuer: | Azumah Resources Ltd.
|
| Issue: | Shares
|
| Amount: | A$11.16 million
|
| Shares: | 27.9 million
|
| Price: | A$0.40
|
| Warrants: | No
|
| Agents: | Clarus Securities Inc., BGF Equities and Blackswan Equities Ltd.
|
| Announcement date: | May 28
|
| Stock symbol: | Australia: AZM
|
| Stock price: | A$0.43 at close May 28
|
| Market capitalization: | A$80.22 million
|
© 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.
