Offering conducted on identical terms as £9.66 million February sale
By Devika Patel
Knoxville, Tenn., June 21 - Nyota Minerals Ltd. said it has signed a letter of agreement for a £1.3 million private placement of shares with International Finance Corp. The deal is being conducted on the same terms as a £9.66 million private placement that priced on Feb. 3.
The investor will buy 21,727,650 ordinary shares at 6p each. The per-share price is a 5.26% premium to the June 21 closing share price of 5.7p.
Based in West Perth, Australia, Nyota Minerals is a gold explorer.
| Issuer: | Nyota Minerals Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | £1,303,659
|
| Shares: | 21,727,650
|
| Price: | 6p
|
| Warrants: | No
|
| Investor: | International Finance Corp.
|
| Pricing date: | June 21
|
| Stock symbol: | London: NYO
|
| Stock price: | 5.7p at close June 21; 7.25p at close Feb. 2
|
| Market capitalization: | £33.07 million
|
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