By Sheri Kasprzak
New York, Aug. 14 - Monitor Holdings Ltd. settled a A$1.2 million private placement and took in another A$165,500 from a share purchase plan.
The company issued 60 million shares in the placement at A$0.02 each to sophisticated investors.
Hartleys Ltd. was the placement agent.
In the share purchase plan, shareholders purchased 8,275,000 shares at A$0.02 each.
Proceeds will be used for working capital.
Based in West Perth, Western Australia, Monitor Holdings is an oil and natural gas exploration company.
| Issuer: | Monitor Holdings Ltd.
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| Issue: | Stock
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| Amount: | A$1.2 million
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| Shares: | 60 million
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| Price: | A$0.02
|
| Warrants: | No
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| Placement agent: | Hartleys Ltd.
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| Settlement date: | Aug. 14
|
| Stock symbol: | Australia: MHL
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| Stock price: | A$0.023 at close Aug. 14
|
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