Published on 12/4/2009 in the Prospect News PIPE Daily.
New Issue: Lonzim secures £1.17 million via private placement of ordinary stock
By Devika Patel
Knoxville, Tenn., Dec. 4 - Lonzim plc said it raised £1.17 million in a private placement of shares.
The company sold 4,255,525 ordinary shares at 27.5p each.
Proceeds will be used for working capital.
Isle of Man, United Kingdom's LonZim is an investment company with a diverse portfolio of investments in Zimbabwe and the Beira Corridor in Mozambique,
| Issuer: | Lonzim plc
|
| Issue: | Ordinary shares
|
| Amount: | £1,170,269
|
| Shares: | 4,255,525
|
| Price: | 27.5p
|
| Warrants: | No
|
| Settlement date: | Dec. 4
|
| Stock symbol: | London: LZM
|
| Stock price: | 29p at close Dec. 4
|
| Market capitalization: | £9.78 million
|
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