By Sheri Kasprzak
New York, July 25 - Mawson West Ltd. concluded a A$1.15 million private placement.
The company sold 6,389,000 shares at A$0.18 each to sophisticated and industry investors. The price per share is an 8% premium to the 20-day volume weighted average price of the company's stock.
BBY Ltd. was the placement agent.
Proceeds will be used for exploration on the company's Kaputo copper joint venture project in the Democratic Republic of Congo with Anvil Mining Ltd.
Based in Perth, Western Australia, Mawson is a mineral exploration company.
| Issuer: | Mawson West Ltd.
|
| Issue: | Stock
|
| Amount: | A$1.15 million
|
| Shares: | 6,389,000
|
| Price: | A$0.18
|
| Warrants: | No
|
| Placement agent: | BBY Ltd.
|
| Settlement date: | July 25
|
| Stock symbol: | Australia: MWE
|
| Stock price: | A$0.185 at close July 25
|
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