By Laura Lutz
Washington, Dec. 7 - Thundelarra Exploration Ltd. closed a private placement of shares for A$2.405 million.
The company sold 6.5 million ordinary shares to institutional and sophisticated investors at A$0.37 per share.
Thundelarra made the placement using its capacity to place up to 15% of its outstanding share capital.
BBY Ltd. was the lead manager for the placement.
Proceeds will be used to progress the company's nickel and base metal exploration projects.
Thundelarra is a mineral exploration company based in West Perth, Australia.
| Issuer: | Thundelarra Exploration Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$2.405 million
|
| Shares: | 6.5 million
|
| Price: | A$0.37
|
| Warrants: | No
|
| Manager: | BBY Ltd.
|
| Settlement date: | Dec. 7
|
| Stock symbol: | Australia: THX
|
| Stock price: | A$0.41 at close Dec. 7
|
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