By Sheri Kasprzak
New York, March 16 - Union Resources Ltd. said it has arranged a A$1,107,380 private placement.
The deal includes 17,577,461 shares at A$0.063 each and will be offered to professional and sophisticated investors.
Westhouse Securities LLP is the placement agent.
The proceeds will be used for exploration on the company's Mehdiabad zinc project and for working capital.
Based in Brisbane, Australia, Union Resources is a mineral exploration company.
| Issuer: | Union Resources Ltd.
|
| Issue: | Stock
|
| Amount: | A$1,107,380
|
| Shares: | 17,577,461
|
| Price: | A$0.063
|
| Warrants: | No
|
| Placement agent: | Westhouse Securities LLP
|
| Pricing date: | March 16
|
| Stock symbol: | Australia: UCL
|
| Stock price: | A$0.067 at close March 16
|
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