Uranium explorer may issue another A$10.21 million of ordinary shares
By Devika Patel
Knoxville, Tenn., Nov. 29 - Berkeley Resources Ltd. said it concluded a private placement of shares on Friday. Resource Capital Fund V LP, the investor, bought A$4.79 million of shares.
The company sold 3.3 million ordinary shares at A$1.45 per share. The price per share represents a 20.77% discount to the Nov. 25 closing share price of A$1.83. Berkeley may sell another 7.04 million shares to the investor before Jan. 31 at the same price for up to A$10.21 million.
Berkeley is a uranium exploration company based in Perth, Australia.
| Issuer: | Berkeley Resources Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$4,785,000
|
| Shares: | 3.3 million
|
| Price: | A$1.45
|
| Warrants: | No
|
| Investor: | Resource Capital Fund V LP
|
| Settlement date: | Nov. 26
|
| Stock symbol: | Australia: BKY
|
| Stock price: | A$1.85 at close Nov. 26
|
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