New Issue: Australia's Murchison wraps A$7.4 million stock placement

By Susanna Moon

Chicago, July 16 - Murchison United NL said the company settled its A$7,443,868 placement of shares in two tranches to sophisticated clients of Hartleys Ltd. and DJ Carmichael Pty. Ltd.

The company sold 67,671,531 shares for A$0.11 per share.

The first tranche of A$4,490,108 was completed on June 7 and approved at a general meeting on July 13. The second tranche of A$2,953,760 was recently completed and approved at a general meeting on July 13.

Proceeds will be used for its uranium and copper projects.

Murchison is a minerals exploration company with headquarters in West Perth, Western Australia.

Issuer:	Murchison United NL
Issue:	Stock
Amount:	A$7,443,868
Shares:	67,671,531
Price:	A$0.11
Warrants:	No
Investors:	Clients of Hartleys Ltd. and DJ Carmichael Pty Ltd.
Announcement date:	May 7
Settlement dates:	June 7 (for A$4,490,108), July 13 (for A$2,953,760)
Stock symbol:	Australia: MUR
Stock price:	A$0.14 at close May 7
Stock price:	A$0.13 at close July 16

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