By Marisa Wong
Milwaukee, Dec. 14 - Eleckra Mines Ltd. announced it completed a A$2.35 million placement of shares.
Eleckra sold 22,433,333 shares at A$0.105 each.
Bell Potter Securities Ltd. and Phillip Capital Pty. Ltd. were the joint managers for the placement.
Proceeds will be used to fund the company's gold exploration and evaluation programs at Yamarna in 2010 and provide working capital.
Eleckra is a mineral exploration company based in West Perth, Australia.
| Issuer: | Eleckra Mines Ltd.
|
| Issue: | Shares
|
| Amount: | A$2.35 million
|
| Shares: | 22,433,333
|
| Price: | A$0.105
|
| Warrants: | No
|
| Agents: | Bell Potter Securities Ltd., Phillip Capital Pty. Ltd.
|
| Settlement date: | Dec. 14
|
| Stock symbol: | Australia: EKM
|
| Stock price: | A$0.115 at close Dec. 11
|
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