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Attila Resources Ltd To Raise Up To $7 Million Through Placement


Sunday, 6 Oct 2013 05:26pm EDT 

Attila Resources Ltd announced that it has received commitments to raise up to $7 million (before costs) through the issue of up to approximately 11.67 million shares at 60 cents per share to institutional and sophisticated investors (Placement). Funds raised pursuant to the Placement will be applied primarily towards the completion of a Bankable Feasibility Study (BFS) on Attila's Gurnee Property at the Kodiak Coking Coal Project, completion of JORC resources on the Company’s Seymour Project, Upper Thompson and Project X and general working capital purposes. The Placement received strong interest from institutional and sophisticated investors, and was overbid. Hartleys Limited acted as Broker to the Placement. The Placement will be completed in two tranches, with up to approximately 5 million shares to be issued in Tranche One, pursuant to the Company’s capacity under ASX Listing Rules 7.1 and 7.1A. The balance of up to approximately 6.67 million shares will be issued in Tranche Two, subject to shareholder approval at a General Meeting proposed to be held in early November 2013. A Notice of Meeting will be sent to all shareholders in due course. 

Company Quote

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22 Dec 2014