By Devika Patel
Knoxville, Tenn., Aug. 5 - Admiralty Resources NL said it completed a A$1.94 million private placement of convertible notes.
The company sold the notes at A$1.00 apiece. They are convertible into ordinary stock at A$0.175 per share.
Lodge Corporate Pty Ltd. was the agent.
Based in Melbourne, Australia, Admiralty is a mineral exploration company.
| Issuer: | Admiralty Resources NL
|
| Issue: | Convertible notes
|
| Amount: | A$1.94 million
|
| Price: | Par of A$1.00
|
| Conversion price: | A$0.175
|
| Warrants: | No
|
| Agent: | Lodge Corporate Pty Ltd.
|
| Settlement date: | Aug. 5
|
| Stock symbol: | Australia: ADY
|
| Stock price: | $0.17 at close Aug. 5
|
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