By Laura Lutz
Washington, Dec. 6 - Legend Mining Ltd. announced plans to raise up to A$5 million from a private placement of shares.
The company intends to sell up to 62.5 million shares to sophisticated and professional investor clients of Bell Potter Securities Ltd. and Findlay & Co. Stockbrokers Ltd. for A$0.08 per share.
Proceeds will be used for exploration on the company's Pilbara project.
Legend is a mining company based in West Perth, Australia.
| Issuer: | Legend Mining Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$5 million
|
| Shares: | 62.5 million
|
| Price: | A$0.08
|
| Warrants: | No
|
| Agents: | Bell Potter Securities Ltd., Findlay & Co. Stockbrokers Ltd.
|
| Pricing date: | Dec. 6
|
| Stock symbol: | Australia: LEG
|
| Stock price: | A$0.088 at close Dec. 6
|
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