By Devika Patel
Knoxville, Tenn., June 24 - Gold One International Ltd. said it plans to raise A$37.78 million in a private placement of shares.
The company will sell 120 million ordinary shares at A$0.3148 per share.
Hartleys Ltd. is the broker.
Proceeds will be used for drilling and feasibility studies, exploration, corporate growth initiatives, partial repayment of company bonds and working capital.
Gold One is a North Sydney, Australia-based gold and base metals exploration company.
| Issuer: | Gold One International Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$37,776,000
|
| Shares: | 120 million
|
| Price: | A$0.3148
|
| Warrants: | No
|
| Broker: | Hartleys Ltd.
|
| Pricing date: | June 24
|
| Stock symbol: | Australia: GDO
|
| Stock price: | A$0.365 at close June 24
|
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