By Devika Patel
Knoxville, Tenn., Sept. 18 - Rusina Mining NL announced it will raise £3.03 million in a private placement of shares. It has already taken in £1.93 million in an initial tranche.
The company is selling 57,760,800 ordinary shares at 5.25p apiece. The first tranche included 36,760,800 shares. The second tranche is subject to the company receiving shareholder approval at a meeting on Oct. 29.
Mirabaud Securities LLP is the agent.
Proceeds will be used for working capital.
Located in West Perth, Western Australia, Rusina is a mineral exploration company.
| Issuer: | Rusina Mining NL
|
| Issue: | Ordinary shares
|
| Amount: | £3,032,442
|
| Shares: | 57,760,800
|
| Price: | 5.25p
|
| Warrants: | No
|
| Agent: | Mirabaud Securities LLP
|
| Announcement date: | Sept. 18
|
| Settlement date: | Sept. 18 (for £1,929,942)
|
| Stock symbol: | Australia: RML
|
| Stock price: | A$0.115 at close Sept. 18
|
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