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Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$127.00

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Audalia Resources Ltd Announces Completion Of Placement


Tuesday, 12 Nov 2013 12:05am EST 

Audalia Resources Ltd announced that the completion of Tranche 2 of the Placement as announced to ASX on September 23, 2013. Pursuant to Tranche 2, a total of 138,000,000 fully paid ordinary shares were issued to raise AUD1,380,000 (before costs). Shareholder approval for the issue of Tranche 2 Placement Shares was obtained at the Company’s Annual General Meeting held on November 6, 2013. The funds raised from the Placement will be used to repay the short-term loan of AUD500,000 due for repayment on November 20, 2013, to advance the metallurgical test work at the Medcalf Project, to progress the Company’s ongoing exploration activities at its Medcalf and Gascoyne Projects and for general working capital. 

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