By Sheri Kasprzak
Atlanta, June 6 - Macquarie Radio Network Ltd. said it has completed a private placement for A$14.04 million.
The company sold 10.8 million shares at A$1.30 each.
Based in Sydney, Australia, Macquarie operates two radio stations. The proceeds from the offering will be used for growth.
| Issuer: | Macquarie Radio Network Ltd.
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| Issue: | Stock
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| Amount: | A$14.04 million
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| Shares: | 10.8 million
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| Price: | A$1.30
|
| Warrants: | No
|
| Settlement date: | June 6
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| Stock price: | A$1.50 at close June 6
|
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