By Devika Patel
Knoxville, Tenn., Oct. 2 - Minotaur Exploration Ltd. said it has arranged a private placement of shares for A$2.5 million.
The company will sell 10.4 million ordinary shares at A$0.24 apiece.
Proceeds will be used to assist in the funding of development activities at Poochera and Tunkillia, for exploration and for working capital.
Based in Dulwich, South Australia, Minotaur is a gold exploration company.
| Issuer: | Minotaur Exploration Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$2,496,000
|
| Shares: | 10.4 million
|
| Price: | A$0.24
|
| Warrants: | No
|
| Pricing date: | Oct. 2
|
| Stock symbol: | Australia: MEP
|
| Stock price: | A$0.28 at close Oct. 2
|
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