By Devika Patel
Knoxville, Tenn., July 2 - Centamin Egypt Ltd. said it has obtained commitments for a C$29.64 million private placement of stock.
The company will sell 19 million ordinary shares at C$1.56 per share.
Thomas Weisel Partners Canada Inc. is the agent.
Proceeds will be used for exploration and general corporate purposes.
Centamin is a mineral exploration company with headquarters in Mount Pleasant, Australia.
| Issuer: | Centamin Egypt Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | C$29.64 million
|
| Shares: | 19 million
|
| Price: | C$1.56
|
| Warrants: | No
|
| Agent: | Thomas Weisel Partners Canada Inc.
|
| Pricing date: | July 2
|
| Stock symbol: | Toronto: CEE
|
| Stock price: | C$1.64 at close July 2
|
| Market capitalization: | C$1.63 billion
|
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