By Susanna Moon
Chicago, June 20 - Yilgarn Gold Ltd. said it will raise A$6.885 million of stock in a private placement.
The company plans to issue 40.5 million shares for A$0.17 each.
Proceeds will be used for oil and gas operations, new ventures and working capital.
Yilgram is a gold mining, exploration and investment company based in West Perth, Western Australia.
Issuer Cougar Energy Ltd
| Issue: | Stock
|
| Amount: | A$6.885 million
|
| Shares: | 40.5 million
|
| Price: | A$0.17
|
| Warrants: | No
|
| Announcement date: | June 20
|
| Stock symbol: | Australia: YGL
|
| Stock price: | A$0.205
|
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