New York, June 30 - Beaconsfield Gold said it placed a private sale of A$5.52 million of stock.
The company sold 24 million shares at A$0.23 each to sophisticated and professional investors.
In addition, shareholders have approved a placement of a further 60 million shares to sophisticated and professional investors, a transaction that will be used to buy Allstate group's 51.51% interest in the Beaconsfield mine. The additional shares will only be sold if the opportunity to buy the interest arises.
Based in Melbourne, Australia, Beaconsfield Gold owns 48.49% of the Beaconsfield mine in Tasmania.
| Issuer: | Beaconsfield Gold
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| Issue: | Stock
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| Amount: | A$5.52 million
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| Shares: | 24 million
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| Price: | A$0.23
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| Pricing date: | June 30
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| Stock symbol: | Australia: BCD
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| Stock price: | A$0.43 at close June 30
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