By Devika Patel
Knoxville, Tenn., Oct. 15 - Adamus Resources Ltd. said it raised A$1.02 million in a private placement of shares. The deal priced on Oct. 8.
The company sold 3.4 million shares at A$0.30 each to Resource Capital Funds.
Proceeds will be used for exploration and development at Adamus' Southern Ashanti Gold project in Ghana and for general working capital.
Adamus is a mineral exploration company based in Perth, Australia.
| Issuer: | Adamus Resources Ltd.
|
| Issue: | Shares
|
| Amount: | A$1.02 million
|
| Shares: | 3.4 million
|
| Price: | A$0.30
|
| Warrants: | No
|
| Investor: | Resource Capital Funds
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 15
|
| Stock symbol: | Australia: ADU
|
| Stock price: | A$0.22 at close Oct. 8
|
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