By Laura Lutz
Des Moines, May 2 - Northern Energy Corp. Ltd. negotiated a private placement of shares for A$5,964,960.
The company agreed to sell 8.772 million ordinary shares at A$0.68 each.
Austock Corporate Finance Ltd. was lead manager, with Cygnet Capital as co-agent.
Proceeds will be used for the company's Elimatta project.
Northern Energy is a coal exploration and development company based in Brisbane, Australia.
| Issuer: | Northern Energy Corp. Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$5,964,960
|
| Shares: | 8.772 million
|
| Price: | A$0.68
|
| Warrants: | No
|
| Agent: | Austock Corporate Finance Ltd. (lead), Cygnet Capital
|
| Pricing date: | May 2
|
| Stock symbol: | Australia: NEC
|
| Stock price: | A$0.76 at close May 2
|
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