By Sheri Kasprzak
New York, Aug. 11 - Nuenco NL said it has closed a private placement for A$1,200,500.
The company sold 34.3 million shares at A$0.035 each.
Each share came with an option to buy another share at A$0.06 each through Dec. 31, 2007.
The proceeds will be used for development at the company's Jack Hammar #2 project.
Based in Subiaco, Western Australia, Nuenco is a natural gas exploration company.
| Issuer: | Nuenco NL
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| Issue: | Stock
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| Amount: | A$1,200,500
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| Shares: | 34.3 million
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| Price: | A$0.035
|
| Options: | One option per share purchased
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| Option expiration: | Dec. 31, 2007
|
| Option price: | A$0.06
|
| Settlement date: | Aug. 11
|
| Stock price: | A$0.042 at close Aug. 11
|
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