Mr. Alan Phillips reports
MACARTHUR MINERALS ANNOUNCES CLOSING OF AUD$2.24-MILLION PRIVATE PLACEMENT FINANCING
Macarthur Minerals Ltd. has closed its previously announced private placement of 11.2 million shares of the company at a price of 20 Australian cents per share to a private investor. The price per share is equal to approximately 20.4 Canadian cents per share, based on the Reserve Bank of Australia exchange rate on June 6, 2014, and represents approximately a 46-per-cent premium to the closing price of the company's Toronto Stock Exchange-listed shares on June 6, 2014.
The net proceeds from the private placement will be used for working capital purposes.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.