By Laura Lutz
Des Moines, Nov. 22 - View Resources Ltd. announced a private placement of shares for A$18 million.
The company plans to sell 100 million shares to institutional and sophisticated investors in Australia and the United Kingdom for A$0.18 per share.
At the same time, View intends to raise A$2 million from a share purchase plan under which each existing shareholder will be able to buy up to A$5,000 of shares at A$0.18 per share.
The company also announced that it has secured a debt facility through Investec Bank for A$16.5 million.
Proceeds from all three deals will be used for the company's Bronzewing gold project.
View is a Perth, Australia-based mining company.
| Issuer: | View Resources Ltd.
|
| Issue: | Shares
|
| Amount: | A$18 million
|
| Shares: | 100 million
|
| Price: | A$0.18
|
| Warrants: | No
|
| Announcement date: | Nov. 22
|
| Stock symbol: | Australia: VRE
|
| Stock price: | A$0.195 at close Nov. 22
|
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