By Devika Patel
Knoxville, Tenn., Nov. 3 - Mount Gibson Iron Ltd. said it will raise A$66 million in a private placement of shares.
The company will sell 110 million ordinary shares at A$0.60 each to Shougang Concord International Enterprises Co. Ltd.
Based in Sydney, Australia, Mount Gibson is an iron exploration company.
| Issuer: | Mount Gibson Iron Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$66 million
|
| Shares: | 110 million
|
| Price: | A$0.60
|
| Warrants: | No
|
| Investor: | Shougang Concord International Enterprises Co. Ltd.
|
| Pricing date: | Nov. 3
|
| Stock symbol: | Australia: MGX
|
| Stock price: | A$0.395 at close Nov. 3
|
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