By Devika Patel
Knoxville, Tenn., Oct. 18 - Carpathian Resources Ltd. announced it plans a A$2.4 million private placement of shares.
The company will sell 8,000,000 shares at A$0.30 each.
Credit Suisse, Zurich, is the investor.
Proceeds will be used for due diligence on a number of potential projects.
Carpathian is an oil and gas company based in West Perth, Australia.
| Issuer: | Carpathian Resources Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$2.4 million
|
| Shares: | 8,000,000
|
| Price: | A$0.30
|
| Warrants: | No
|
| Investor: | Credit Suisse, Zurich
|
| Pricing date: | Oct. 18
|
| Stock symbol: | Australia: CPN
|
| Stock price: | A$0.28 at close Oct. 18
|
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