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Pluton Resources Ltd announces private placement

Friday, 20 Dec 2013 03:05am EST 

Pluton Resources Ltd:Says Pluton, General Nice Resources Hong Kong Limited (GNR HK) and General Nice Recursos Comercial Offshore De Macau Limitada (GNR Macau) have agreed to a private Share Placement to GNR HK or its nominee of two tranches of fully paid ordinary shares giving GNR HK 19.9 pct of total Pluton shares.Says Tranche One will comprise of 46,230,713 ordinary shares and Tranche Two will comprise of 30,343,316 ordinary shares.Says the issue price in respect of Tranche One and Tranche Two is A$0.0932 per share.Says the Shares are anticipated to be issued on Dec. 23.Says the proceeds from Tranche One of the Share Placement will be used to immediately reduce part of the debt outstanding from the original $24 million loan provided by GNR Macau (GNR loan).Says Tranche Two will be used for expenditure on the company‚Äôs Cockatoo Island project. 

Company Quote

29 May 2014