By Laura Lutz
Washington, Dec. 6 - Elkedra Diamonds NL arranged a private placement of shares for A$3,625,500.
Sophisticated and professional investors, mostly from Europe, have agreed to buy 7,713,830 shares at A$0.47 each.
Tolhurst Noall Ltd. acted as manager for the deal.
Proceeds will be used for exploration at the company's Chapada project in Brazil and for working capital.
Elkedra is a diamond exploration company based in Subiaco, Australia.
| Issuer: | Elkedra Diamonds NL
|
| Issue: | Shares
|
| Amount: | A$3,625,500
|
| Shares: | 7,713,830
|
| Price: | A$0.47
|
| Warrants: | No
|
| Manager: | Tolhurst Noall Ltd.
|
| Pricing date: | Dec. 6
|
| Stock symbol: | Australia: EDN
|
| Stock price: | A$0.495 at close Dec. 6
|
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