By Devika Patel
Knoxville, Tenn., Oct. 30 - Silex Systems Ltd. said it has completed an oversubscribed A$50 million private placement of shares.
The company sold 6,493,507 ordinary shares for A$7.70 per share.
Proceeds will be used for development of the company's technologies and the commercialization of Silex's products.
Based in Lucas Heights, New South Wales, Australia, Silex Systems is researching and developing a laser isotope separation technology.
| Issuer: | Silex Systems Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$50 million
|
| Shares: | 6,493,507
|
| Price: | A$7.70
|
| Warrants: | No
|
| Settlement date: | Oct. 31
|
| Stock symbol: | Australia: SLX
|
| Stock price: | A$8.00 at close Oct. 30
|
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