Company sells 22.64 million shares to lone investor at $0.10 apiece
By Marisa Wong
Madison, Wis., July 6 - Legend International Holdings, Inc. completed a private placement of its common stock on June 29, raising $2.26 million.
Legend sold 22,640,725 shares to an accredited investor at a price of $0.10 per share, according to an 8-K filing with the Securities and Exchange Commission.
The price per share reflects a 25% premium to the June 28 closing share price of $0.08.
Proceeds from the offering will be used for general corporate and administrative purposes.
Legend is a mineral exploration company based in Melbourne, Australia.
| Issuer: | Legend International Holdings, Inc.
|
| Issue: | Common stock
|
| Amount: | $2,264,072.50
|
| Shares: | 22,640,725
|
| Price: | $0.10
|
| Warrants: | No
|
| Settlement date: | June 29
|
| Stock symbol: | OTCBB: LGDI
|
| Stock price: | $0.085 at close July 5
|
| Market capitalization: | $19.24 million
|
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