Published on 6/14/2010 in the Prospect News PIPE Daily.
New Issue: Nyota Minerals seals £3.44 million private placement of ordinary stock
By Devika Patel
Knoxville, Tenn., June 14 - Nyota Minerals Ltd. said it raised £3.44 million in a private placement of shares.
The company sold 29,749,327 ordinary shares and 22,311,995 options to International Finance Corp. As a result, International Finance is now a 10% shareholder in Nyota.
Proceeds will be used for drilling at the Tulu Kapi gold project.
Based in West Perth, Australia, Nyota Minerals is a mineral explorer.
| Issuer: | Nyota Minerals Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | £3.44 million
|
| Shares: | 29,749,327
|
| Options: | 22,311,995
|
| Investor: | International Finance Corp.
|
| Settlement date: | June 14
|
| Stock symbol: | London: NYO
|
| Stock price: | 15.26p at close June 14
|
| Market capitalization: | £43.4 million
|
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