By Sheri Kasprzak
New York, July 5 - Redport Ltd. said it plans to raise A$4 million in a private placement.
The offering includes 81,632,653 shares at A$0.049 each to institutional investors.
The deal is being arranged by placement agent Cartesian Capital.
Based in New South Wales, Australia, Redport is a uranium exploration company. The proceeds will be used for working capital.
| Issuer: | Redport Ltd.
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| Issue: | Stock
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| Amount: | A$4 million
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| Shares: | 81,632,653
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| Price: | A$0.049
|
| Placement agent: | Cartesian Capital
|
| Pricing date: | July 5
|
| Stock price: | A$0.054 at close July 5
|
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