By Laura Lutz
Des Moines, Feb. 14 - Azure Minerals Ltd. completed a private placement of shares for A$1.241 million.
The company sold 14.6 million shares to professional and sophisticated investors at A$0.085 per share.
State One Stockbroking Ltd. and Patersons Securities were joint lead managers for the placement.
Proceeds will be used for exploration at the company's Mexican projects.
Azure is a precious and base metals exploration company based in West Perth, Australia.
| Issuer: | Azure Minerals Ltd.
|
| Issue: | Shares
|
| Amount: | A$1.241 million
|
| Shares: | 14.6 million
|
| Price: | A$0.085
|
| Warrants: | No
|
| Managers: | State One Stockbroking Ltd. (lead), Patersons Securities (lead)
|
| Settlement date: | Feb. 14
|
| Stock symbol: | Australia: AZS
|
| Stock price: | A$0.097 at close Feb. 14
|
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