By Devika Patel
Knoxville, Tenn., Nov. 13 - TNG Ltd. announced it plans a A$5 million private placement of shares.
The company will sell 9,090,910 shares at A$0.55 per share.
Proceeds will be used to fund the Manbarrum project and for short-term working capital purposes.
Based in West Perth, Western Australia, TNG, formerly Tennant Creek Gold Ltd., is a mineral company with a portfolio of exploration projects in northern and central Australia.
| Issuer: | TNG Ltd.
|
| Issue: | Shares
|
| Amount: | A$5 million
|
| Shares: | 9,090,910
|
| Price: | A$0.55
|
| Warrants: | No
|
| Pricing date: | Nov. 13
|
| Stock symbol: | Australia: TNG
|
| Stock price: | A$0.55 at close Nov. 13
|
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