Company sells 90 million shares at A$0.12 per share, a 71.43% premium
By Devika Patel
Knoxville, Tenn., Sept. 11 - Rey Resources Ltd. said it took in A$10.8 million through a private placement of stock with ASF Canning Basin Energy Pty Ltd.
The company sold 90 million ordinary shares at A$0.12 per share, a 71.43% premium to the A$0.07 closing share price on Sept. 10.
Rey is a Sydney, Australia-based company engaged in the exploration and evaluation of thermal coal.
| Issuer: | Rey Resources Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$10.8 million
|
| Shares: | 90 million
|
| Price: | A$0.12
|
| Warrants: | No
|
| Investor: | ASF Canning Basin Energy Pty Ltd.
|
| Settlement date: | Sept. 11
|
| Stock symbol: | Australia: REY
|
| Stock price: | A$0.07 at close Sept. 10
|
| Market capitalization: | A$27.35 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
