By Devika Patel
Knoxville, Tenn., May 13 - Mirabela Nickel Ltd. said it will raise A$10.75 million in a private placement of shares.
The company will sell 5 million common shares at A$2.15 per share.
Proceeds will be used as working and development capital for the Santa Rita project.
Mirabela is a mineral exploration company based in Perth, Australia.
| Issuer: | Mirabela Nickel Ltd.
|
| Issue: | Common shares
|
| Amount: | A$10.75 million
|
| Shares: | 5 million
|
| Price: | A$2.15
|
| Warrants: | No
|
| Pricing date: | May 13
|
| Stock symbol: | Australia: MBN
|
| Stock price: | A$2.22 at close May 13
|
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