By Sheri Kasprzak
Atlanta, Feb. 24 - Eagle Bay Resources N.L. said it plans to raise A$1,399,200 in a private placement of stock.
The company will sell 12,720,000 shares at A$0.11 each to institutional and sophisticated investors.
The offering is being placed through underwriter Patersons Securities Ltd.
Based in Perth, Australia, Eagle Bay is a copper and gold exploration company. It plans to use the proceeds from the deal to contribute to costs related to upcoming exploration programs.
| Issuer: | Eagle Bay Resources N.L.
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| Issue: | Stock
|
| Amount: | A$1,399,200
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| Shares: | 12.72 million
|
| Price: | A$0.11
|
| Warrants: | No
|
| Underwriter: | Patersons Securities Ltd.
|
| Pricing date: | Feb. 24
|
| Stock price: | A$0.11 at close Feb. 24
|
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