By Laura Lutz
Des Moines, Jan. 4 - First Capital Group Ltd. raised A$2 million from a private placement of shares.
The company sold 8 million ordinary shares to Trojan Equity Ltd. at A$0.25 per share. For each share, Trojan will also receive one free option, exercisable at A$0.25 until Nov. 30, 2009.
Proceeds will be used for the company's launch of a property development fund in New Zealand.
Following the placement, First Capital has 79,458,609 shares outstanding.
The deal was non-brokered.
First Capital is an investment company based in Subiaco, Australia.
| Issuer: | First Capital Group Ltd.
|
| Issue: | Shares
|
| Amount: | A$2 million
|
| Shares: | 8 million
|
| Price: | A$0.25
|
| Options: | One per share
|
| Option expiration: | Nov. 30, 2009
|
| Option strike price: | A$0.25
|
| Investor: | Trojan Equity Ltd.
|
| Agent: | Non-brokered
|
| Settlement date: | Jan. 2
|
| Stock symbol: | Australia: FIC
|
| Stock price: | A$0.24 at close Jan. 2
|
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