By Sheri Kasprzak
Atlanta, June 17 - Union Resources Ltd. said it has completed a private placement for A$1.05 million.
The company sold 35 million shares at A$0.03 each to RAB Special Situations Master Fund Ltd.
RAB also received attached options for an additional 70 million shares, exercisable at A$0.10 each through March 31, 2009.
The investment brings RAB's ownership of Union's stock to 18.67%.
Based in Brisbane, Australia, Union Resources is a mineral exploration company. The proceeds will be used for drilling, pilot plant testing and preparations for a bankable feasibility study on its Mehdiabad zinc project.
| Issuer: | Union Resources Ltd.
|
| Issue: | Stock
|
| Amount: | A$1.05 million
|
| Shares: | 35 million
|
| Price: | A$0.03
|
| Options: | For up to 70 million shares
|
| Options expiration: | March 31, 2009
|
| Options price: | A$0.10
|
| Investor: | RAB Special Situations Master Fund Ltd.
|
| Settlement date: | June 17
|
| Stock price: | A$0.03 at close June 17
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
