By Sheri Kasprzak
New York, June 8 - Minotaur Exploration Ltd. settled a A$5,323,500 private placement.
The company sold 8.45 million shares at A$0.63 each to a group of institutional investors, including Oxiana Ltd. and Sempra Metals and Concentrates Corp., two existing shareholders.
Taylor Collison Ltd. and Austock Corporate Finance Ltd. were the placement agents.
Proceeds will be used for the assessment of the Tunkillia gold prospect in South Australia and for exploration on the prospect.
Based in Dulwich, South Australia, Minotaur is a gold exploration company.
| Issuer: | Minotaur Exploration Ltd.
|
| Issue: | Stock
|
| Amount: | A$5,323,500
|
| Shares: | 8.45 million
|
| Price: | A$0.63
|
| Warrants: | No
|
| Investors: | Oxiana Ltd., Sempra Metals and Concentrates Corp., others
|
| Placement agents: | Taylor Collison Ltd. and Austock Corporate Finance Ltd.
|
| Settlement date: | June 8
|
| Stock symbol: | Australia: MEP
|
| Stock price: | A$0.655 at close June 8
|
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