By Devika Patel
Knoxville, Tenn., Dec. 17 - Legend International Holdings, Inc. settled a $15 million private placement of stock on Dec. 12.
The company issued 18.75 million shares at $0.80 apiece to Atticus Capital LP.
Proceeds will be used to complete a pre-feasibility study on historic phosphate deposits on the company's tenements in the Mount Isa region of Queensland.
Based in Melbourne, Australia, Legend acquires and operates diamond interests in Australia.
| Issuer: | Legend International Holdings, Inc.
|
| Issue: | Stock
|
| Amount: | $15,008,000
|
| Shares: | 18.75 million
|
| Price: | $0.80
|
| Warrants: | No
|
| Investor: | Atticus Capital LP
|
| Settlement date: | Dec. 12
|
| Stock symbol: | OTCBB: LGDI
|
| Stock price: | $0.95 at close Dec. 12
|
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