By Sheri Kasprzak
New York, May 9 - Westonia Mines Ltd. has negotiated a A$4 million private placement.
The deal includes up to 23,529,412 shares at A$0.17 each, offered to new and existing institutional and sophisticated investors.
Austock Corporate Finance Ltd. is the placement agent.
The proceeds will be used for a feasibility study on the Westonia gold mining project as well as for ongoing exploration and working capital.
Based in West Perth, Western Australia, Westonia is a gold exploration company.
| Issuer: | Westonia Mines Ltd.
|
| Issue: | Stock
|
| Amount: | A$4 million (maximum)
|
| Shares: | 23,529,412 (maximum)
|
| Price: | A$0.17
|
| Warrants: | No
|
| Placement agent: | Austock Corporate Finance Ltd.
|
| Pricing date: | May 9
|
| Stock symbol: | Australia: WEZ
|
| Stock price: | A$0.19 at close May 9
|
|
|
© 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.
