By Devika Patel
Knoxville, Tenn., March 22 - EnviroGold Ltd. said it plans a A$1 million private placement of shares.
The company will sell 10 million shares at A$0.08 per share to Macquarie Bank Ltd. and 2.5 million shares at the same price to another shareholder.
Proceeds will be used for construction at the Las Lagunas gold project.
Based in West Perth, Australia, EnviroGold explores for gold and silver.
| Issuer: | EnviroGold Ltd.
|
| Issue: | Shares
|
| Amount: | A$1 million
|
| Shares: | 12.5 million
|
| Price: | A$0.08
|
| Warrants: | No
|
| Investor: | Macquarie Bank Ltd. (for A$800,000)
|
| Pricing date: | March 22
|
| Stock symbol: | Australia: EVG
|
| Stock price: | A$0.07 at close March 22
|
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