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Prairie Downs Metals Ltd Announces Completion Of Share Placement

Tuesday, 9 Apr 2013 07:03pm EDT 

Prairie Downs Metals Ltd announced that it has successfully completed its previously announced placement of 12 million ordinary shares in the Company to institutional and sophisticated investors in Australia, Europe and Asia to raise AUD6 million before costs (the Placement). Proceeds from the Placement, which have now been received by the Company, will be used to accelerate exploration and development initiatives at the Company‚Äôs projects, including completion of a planned drilling program and mining studies at the Lublin Coal Project, and to provide working capital. Investec Bank (Australia) Limited acted as Lead Manager to the Placement with Hartleys Limited acting as Co-Manager to the Placement. 

Company Quote

-0.02 -5.56%
31 Oct 2014