By Devika Patel
Knoxville, Tenn., Nov. 5 - View Resources Ltd. announced it has received commitments for an oversubscribed A$10.6 million private placement of shares.
The company will sell 53 million shares at A$0.20 per share.
Proceeds will be used to fund the company's Bronzewing operation as well as cover the recent unbudgeted cost of de-hedging.
View Resources is a West Perth, Western Australia-based nickel and gold exploration and mining company.
| Issuer: | View Resources Ltd.
|
| Issue: | Shares
|
| Amount: | A$10.6 million
|
| Shares: | 53 million
|
| Price: | A$0.20
|
| Warrants: | No
|
| Pricing date: | Nov. 5
|
| Stock symbol: | Australia: VRE
|
| Stock price: | A$0.225 at close Nov. 5
|
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