By Sheri Kasprzak
New York, Dec. 5 - Emperor Mines Ltd. said it intends to raise A$8,816,000 in a private placement.
The offering includes 23.2 million shares at A$0.38 each.
Austock Corporate Finance Ltd. is the placement agent.
Proceeds will be used for a feasibility study, test work and refurbishment work.
The company said it also plans to raise $15 million in a private placement in February 2006. The terms of that offering have not yet been determined.
Based in Queensland, Australia, Emperor is a mineral exploration company.
| Issuer: | Emperor Mines Ltd.
|
| Issue: | Stock
|
| Amount: | A$8,816,000
|
| Shares: | 23.2 million
|
| Price: | A$0.38
|
| Warrants: | No
|
| Placement agent: | Austock Corporate Finance Ltd.
|
| Pricing date: | Dec. 5
|
| Stock price: | A$0.45 at close Dec. 5
|
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