By Devika Patel
Knoxville, Tenn., Oct. 19 - Maudore Minerals Ltd. said it raised C$8 million in a non-brokered oversubscribed private placement of stock.
The company sold 3.2 million common shares at C$2.50 per share.
Proceeds will be used for exploration.
Maudore is a mineral exploration company based in Montreal.
| Issuer: | Maudore Minerals Ltd.
|
| Issue: | Common stock
|
| Amount: | C$8 million
|
| Shares: | 3.2 million
|
| Price: | C$2.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Oct. 19
|
| Stock symbol: | TSX Venture: MAU
|
| Stock price: | C$3.35 at close Oct. 16
|
| Market capitalization: | C$68.6 million
|
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