By Laura Lutz
Des Moines, May 2 - Titanium Resources Group Ltd. announced a private placement of shares for £17,600,050.
The company plans to place up to 27.077 million common shares at 65p each.
BMO Nesbitt Burns, Inc. and Arbuthnot Securities Ltd. are the agents.
The shares in the placement will be about 11.6% of the company's enlarged share capital.
Proceeds will be used for growth initiatives and general corporate purposes.
Titanium is a resource exploration company based in Tortola, British Virgin Islands.
| Issuer: | Titanium Resources Group Ltd.
|
| Issue: | Shares
|
| Amount: | £17,600,050
|
| Shares: | 27.077 million
|
| Price: | 65p
|
| Warrants: | No
|
| Agents: | BMO Nesbitt Burns, Inc.; Arbuthnot Securities Ltd.
|
| Pricing date: | May 2
|
| Stock symbol: | London: TRG
|
| Stock price: | 65.5p at close May 2
|
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