By Sheri Kasprzak
New York, March 3 - Lappland Goldminers AB said it has concluded a SEK 90.5 million private placement.
The company sold 1 million shares at SEK 90.5 each to a group of Swedish and Norwegian institutional and private investors.
Proceeds will be used to develop the company's gold projects.
Based in Lycksele, Sweden, Lappland is a gold exploration company.
Issuer: | Lappland Goldminers AB
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Issue: | Stock
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Amount: | SEK 90.5 million
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Shares: | 1 million
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Price: | SEK 90.5
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Warrants: | No
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Settlement date: | March 3
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Stock symbol: | Stockholm: 24773
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Stock price: | SEK 91.25 at close March 2
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