By Devika Patel
Knoxville, Tenn., Feb. 24 - St. Barbara Ltd. said it completed a A$77.74 million private placement of stock. The deal was announced Feb. 18.
The company sold 189.6 million ordinary shares at A$0.41 apiece.
Southern Cross Equities was lead manager.
Proceeds will be used to buy back some of St. Barbara's convertible notes and fund the later potential redemption of the convertibles.
St. Barbara is a Melbourne, Australia, gold miner.
| Issuer: | St. Barbara Ltd.
|
| Issue: | Ordinary stock
|
| Amount: | A$77,736,000
|
| Shares: | 189.6 million
|
| Price: | A$0.41
|
| Warrants: | No
|
| Manager: | Southern Cross Equities
|
| Announcement date: | Feb. 19
|
| Settlement date: | Feb. 24
|
| Stock symbol: | Australia: SBM
|
| Stock price: | A$0.41 at close Feb. 24
|
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