By Devika Patel
Knoxville, Tenn., Dec. 23 - Robust Resources Ltd. said it raised A$7.59 million in an private placement of shares.
The company sold 6,325,000 shares at A$1.20 per share.
Proceeds will be used for exploration, for drilling, for metallurgical tests and to improve logistics and infrastructure at Romang Island.
The mineral explorer is based in Sydney, Australia.
| Issuer: | Robust Resources Ltd.
|
| Issue: | Shares
|
| Amount: | A$7.59 million
|
| Shares: | 6,325,000
|
| Price: | A$1.20
|
| Warrants: | No
|
| Settlement date: | Dec. 23
|
| Stock symbol: | Australia: ROL
|
| Stock price: | A$1.64 at close Dec. 23
|
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