By Sheri Kasprzak
New York, March 23 - Reed Resources Ltd. intends to settle a A$1.25 million private placement.
The offering includes 5 million shares at A$0.25 each to sophisticated investors.
Hartleys Ltd. is the placement agent.
Proceeds will be used for working capital.
Based in West Perth, Western Australia, Reed is a gold exploration company.
| Issuer: | Reed Resources Ltd.
|
| Issue: | Stock
|
| Amount: | A$1.25 million
|
| Shares: | 5 million
|
| Price: | A$0.25
|
| Warrants: | No
|
| Placement agent: | Hartleys Ltd.
|
| Announcement date: | March 23
|
| Stock symbol: | Australia: RDR
|
| Stock price: | A$0.295 at close March 23
|
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