By Devika Patel
Knoxville, Tenn., Nov. 1 - Conquest Mining Ltd. announced it raised A$22.44 million in a private placement of shares.
The company sold 33 million ordinary shares at A$0.68 per share.
Proceeds will be used for working capital, exploration and feasibility studies.
Conquest Mining is a Balcatta, Western Australia-based mineral company exploring for diamonds, precious metals and base metals.
| Issuer: | Conquest Mining Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$22.44 million
|
| Shares: | 33 million
|
| Price: | A$0.68
|
| Warrants: | No
|
| Settlement date: | Nov. 1
|
| Stock symbol: | Australia: CQT
|
| Stock price: | A$0.715 at close Nov. 1
|
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