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Cokal Ltd Announces Private Placement To Blumont Group Ltd

Sunday, 7 Jul 2013 07:32pm EDT 

Cokal Ltd announced a private placement in the Company to Blumont Group Ltd (Blumont). The Company will issue Blumont with 60,057,034 fully paid ordinary shares in Cokal Ltd at a price of AUD0.16 per share, raising AUD9,609,125.44, before costs. On issue, the placement shares will rank equally with all other ordinary shares then on issue. The placement will be issued in five tranches in line with the Company's planned drilling and detailed Engineering plans and will be used to fund that work and for general corporate purposes. The Placement will be completed within Cokal’s 15% placement capacity, the placement shares are expected to be issued within days of receipt of the applications funds. 

Company Quote

23 Jan 2015