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Prairie Downs Metals Ltd Announces Institutional Placement To Raise AUD6 Million


Monday, 1 Apr 2013 07:01pm EDT 

Prairie Downs Metals Ltd announced that it will make a placement of 12,000,000 ordinary shares in the Company at an issue price of AUD0.50 per share to institutional and sophisticated investors in Australia, Europe and Asia to raise gross proceeds of AUD6,000,000. Investec Bank (Australia) Limited acted as Lead Manager to the Placement with Hartleys Limited acting as Co-Manager to the Placement. Proceeds from the Placement will be used to accelerate exploration and development initiatives at the Company‚Äôs projects, including completion of the planned drilling program and mining studies at the Lublin Coal Project, and to provide working capital. 

Company Quote

0.435
-0.0050 -1.14%
11 Jul 2014