Published on 5/23/2005 in the Prospect News PIPE Daily.
New Issue: Murchison United places A$1.26 million of stock
New York, May 23 - Murchison United NL said it completed the second tranche of its capital raising, selling A$1.2635 million of ordinary shares to sophisticated clients of Hartleys Ltd.
The deal was made up of 28,077,777 shares at A$0.045 each.
Proceeds will be used for working capital.
Murchison United is a Perth, Australia, mining company.
| Issuer: | Murchison United NL
|
| Issue: | Ordinary shares
|
| Amount: | A$1,263,500
|
| Shares: | 28,077,777
|
| Price: | A$0.045
|
| Announcement date: | May 23
|
| Settlement date: | May 25
|
| Share price: | A$0.072
|
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