By Devika Patel
Knoxville, Tenn., March 4 - Lihir Gold Ltd. said it completed a $325 million institutional placement of ordinary shares.
The shares were priced at A$3.00 apiece.
Proceeds provided the company with a strong financial footing for the future, according to a company news release.
Port Moresby, Papua New Guinea-based Lihir explores for gold assets.
| Issuer: | Lihir Gold Ltd.
|
| Issue: | Ordinary stock
|
| Amount: | $325 million
|
| Price: | A$3.00
|
| Warrants: | No
|
| Settlement date: | March 4
|
| Stock symbol: | Australia: LGL
|
| Stock price: | A$3.09 at close March 4
|
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