By Devika Patel
Knoxville, Tenn., Oct. 22 - Exco Resources Ltd. said it plans a A$10.1 million private placement of shares.
The company will sell about 41.3 million ordinary shares at A$0.245 apiece.
Fox-Davies Capital Ltd. is the agent.
Proceeds will be used to advance the company's portfolio of copper projects in northwest Queensland.
Exco, based in West Perth, Western Australia, explores and develops mineral interests.
| Issuer: | Exco Resources Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$10.1 million
|
| Shares: | 41.3 million (approximate)
|
| Price: | A$0.245
|
| Warrants: | No
|
| Agent: | Fox-Davies Capital Ltd.
|
| Pricing date: | Oct. 22
|
| Stock symbol: | Australia: EXS
|
| Stock price: | A$0.275 at close Oct. 22
|
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