By Devika Patel
Knoxville, Tenn., Dec. 6 - Timbercorp Ltd. said it will settle a A$56.42 million private placement of shares on Dec. 10. The deal priced Dec. 4.
The company sold approximately 37 million shares at A$1.525 each.
Proceeds will be used for additional working capital.
Timbercorp is a Melbourne, Australia-based agribusiness investment manager.
| Issuer: | Timbercorp Ltd.
|
| Issue: | Shares
|
| Amount: | A$56,425,000
|
| Shares: | 37 million
|
| Price: | A$1.525
|
| Warrants: | No
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 10
|
| Stock symbol: | Australia: TIM
|
| Stock price: | A$1.795 at close Dec. 3
|
© 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.
