By Sheri Kasprzak
New York, June 21 - Albidon Ltd. has completed a A$13,395,000 private placement.
The offering includes 14.1 million shares at A$0.95 each sold to institutional investors in the United Kingdom and Australia.
Numis Securities Ltd. was the placement agent.
Proceeds from the deal will be used for the development of the Munali nickel project and for general operating expenses.
Based in Nedlands, Western Australia, Albidon is a mineral exploration company.
| Issuer: | Albidon Ltd.
|
| Issue: | Stock
|
| Amount: | A$13,395,000
|
| Shares: | 14.1 million
|
| Price: | A$0.95
|
| Warrants: | No
|
| Placement agent: | Numis Securities Ltd.
|
| Settlement date: | June 21
|
| Stock symbol: | Australia: ALB
|
| Stock price: | A$1.01 at close June 21
|
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