By Laura Lutz
Des Moines, Aug. 22 - Tarquin Resources plc settled a private placement of shares for £1.3 million.
The company sold 4,814,816 shares for £0.27 each.
The company's major shareholder, Investika Ltd., bought £300,000 of the shares. After the placement, Investika holds 4,263,074, or 27.8%, of Tarquin's 15,322,575 outstanding shares.
Proceeds will be used to develop the company's Las Pascualas project in Chile and for working capital.
Tarquin is a London-based natural resources investment company.
| Issuer: | Tarquin Resources plc
|
| Issue: | Stock
|
| Amount: | £1.3 million
|
| Shares: | 4,814,816
|
| Price: | £0.27
|
| Warrants: | No
|
| Investors: | Investika Ltd. for £300,000
|
| Settlement date: | Aug. 22
|
| Stock symbol: | AIM: TQN
|
| Stock price: | 31p at close on Aug. 22
|
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