By Devika Patel
Knoxville, Tenn., Oct. 19 - Norton Gold Fields Ltd. said it completed a A$40.5 million private placement of shares.
The company sold ordinary shares at A$0.3283 apiece. The first tranche of 62.7 million shares will be issued in the Oct. 19 week. The second tranche of 60.7 million shares will be issued after the company obtains shareholder approval.
Proceeds will be used for growth.
South Brisbane, Australia's Norton Gold Fields produces gold.
| Issuer: | Norton Gold Fields Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$40.5 million
|
| Price: | A$0.3283
|
| Warrants: | No
|
| Settlement date: | Oct. 19
|
| Stock symbol: | Australia: NGF
|
| Stock price: | A$0.37 at close Oct. 19
|
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