By Laura Lutz
Des Moines, Sept. 27 - Regis Resources NL raised A$4.78 million through a private placement of shares.
The company received subscriptions for 47,867,679 shares at A$0.10 each from offshore and local institutional and sophisticated investors.
BBY Ltd. was the lead manager.
Proceeds will be used for working capital, for a feasibility study for the Duketon gold project and for gold and nickel exploration programs in the Eastern Goldfields of Western Australia.
Regis is a resource company based in Melbourne, Australia.
| Issuer: | Regis Resources NL
|
| Issue: | Stock
|
| Amount: | A$4.78 million
|
| Shares: | 47,867,679
|
| Price: | A$0.10
|
| Warrants: | No
|
| Manager: | BBY Ltd.
|
| Announcement date: | Sept. 27
|
| Stock symbol: | Australia: RRL
|
| Stock price: | A$0.11 at close on Sept. 27
|
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