By Devika Patel
Knoxville, Tenn., July 22 - Forte Energy NL said it took in A$12 million in a private placement of shares. The deal priced for A$10 million on June 1.
The company sold 120 million ordinary shares at A$0.10 per share.
Blackwood Capital and StoneBridge Group were the managers.
Proceeds will be used to develop the company's portfolio of West African uranium projects.
Forte Energy, based in Perth, Western Australia, is an emerging uranium company.
| Issuer: | Forte Energy NL
|
| Issue: | Ordinary shares
|
| Amount: | A$12 million
|
| Shares: | 120 million
|
| Price: | A$0.10
|
| Warrants: | No
|
| Managers: | Blackwood Capital and StoneBridge Group
|
| Pricing date: | June 1
|
| Settlement date: | July 22
|
| Stock symbol: | Australia: FTE
|
| Stock price: | A$0.11 at close June 1
|
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