By Sheri Kasprzak
New York, July 24 - Legend International Holdings, Inc. arranged a private placement for $2 million.
The company intends to sell 4 million shares in the offering.
The proceeds will be used for exploration on the company's northern Australian diamond properties acquired from Astro Diamond Mines N.L. The remainder will be used for working capital.
Separately, Legend issued 31,880,035 shares to Renika Pty. Ltd. following the cashless exercise of 34,778,220 options.
Based in Melbourne, Victoria, Australia, Legend acquires and operates diamond interests in Australia.
| Issuer: | Legend International Holdings, Inc.
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| Issue: | Stock
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| Amount: | $2 million
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| Shares: | 4 million
|
| Price: | $0.50
|
| Warrants: | No
|
| Pricing date: | July 21
|
| Stock symbol: | OTCBB: LGDI
|
| Stock price: | $0.90 at close July 21
|
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