By Sheri Kasprzak
New York, Sept. 19 - Legend International Holdings, Inc. settled a $2 million private placement.
The company issued 4 million shares in the deal.
Proceeds will be used for working capital.
In other news, Legend announced a bonus issue of shares to all of its shareholders on the basis of one new share for every two shares held on Nov. 17.
The company is also seeking to increase its authorized share capital to 200 million shares from 100 million shares.
Based in Melbourne, Australia, Legend acquires and operates diamond interests in Australia.
| Issuer: | Legend International Holdings, Inc.
|
| Issue: | Stock
|
| Amount: | $2 million
|
| Shares: | 4 million
|
| Price: | $0.50
|
| Warrants: | No
|
| Pricing date: | July 21
|
| Settlement date: | Sept. 19
|
| Stock symbol: | OTCBB: LGDI
|
| Stock price: | $0.90 at close July 21
|
| Stock price: | $2.00 at close Sept. 18
|
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