By Sheri Kasprzak
New York, Sept. 1 - Eureka Mining plc said it has arranged a private placement of stock for £9 million.
The company plans to sell 7.2 million shares at 125p each to institutional investors.
Proceeds from the deal will be used to acquire the remaining 49% of the Chelyabinsk copper project, to complete the Shorskoye molybdenum project and to provide working capital.
Based in London, Eureka is a mineral exploration.
| Issuer: | Eureka Mining plc
|
| Issue: | Stock
|
| Amount: | £9 million
|
| Shares: | 7.2 million
|
| Price: | 125p
|
| Warrants: | No
|
| Pricing date: | Sept. 1
|
| Stock price: | 134.5p at close Aug. 31
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
