By Laura Lutz
Des Moines, Aug. 24 - Nickel Australia Ltd. settled a private placement of stock for A$1.275 million.
The company sold 12.75 million shares at A$0.10 each to professional and sophisticated investors who are clients of Patersons Securities Ltd., the lead manager.
After the deal, Nickel Australia will have 97,750,004 outstanding shares and A$3.8 million in cash.
The proceeds will be used to continue exploration in Mexico.
Nickel Australia is a mineral exploration company based in West Perth, Western Australia.
| Issuer: | Nickel Australia Ltd.
|
| Issue: | Stock
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| Amount: | A$1.275 million
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| Shares: | 12.75 million
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| Price: | A$0.10
|
| Warrants: | No
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| Manager: | Patersons Securities Ltd. (lead)
|
| Settlement date: | Aug. 24
|
| Stock symbol: | Australia: NKL
|
| Stock price: | A$0.115 at close Aug. 24
|
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