By Devika Patel
Knoxville, Tenn., June 16 - Monto Minerals Ltd. said it has obtained commitments for a A$5 million private placement of stock.
The company will sell 48,075,000 shares at A$0.05 per share for investors in the United Kingdom and at A$0.1035 per share for Australian investors.
Proceeds will be used for working capital.
Monto Minerals is a Milton, Australia-based mining company.
| Issuer: | Monto Minerals Ltd.
|
| Issue: | Stock
|
| Amount: | A$5 million
|
| Shares: | 48,075,000
|
| Price: | 5p (in the United Kingdom), A$0.1035 (in Australia)
|
| Warrants: | No
|
| Pricing date: | June 16
|
| Stock symbol: | Australia: MOO
|
| Stock price: | A$0.09 at close June 16
|
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