By Sheri Kasprzak
Atlanta, May 3 - Moly Mines Ltd. said it has wrapped a private placement for A$18.9 million.
The company sold 13.5 million shares at A$1.40 each.
Based in Nedlands, Western Australia, Moly Mines is a gold and molybdenum exploration company. It plans to use the proceeds for a feasibility study at its Spinifex Ridge gold project.
| Issuer: | Moly Mines Ltd.
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| Issue: | Stock
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| Amount: | A$18.9 million
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| Shares: | 13.5 million
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| Price: | A$1.40
|
| Warrants: | No
|
| Settlement date: | May 3
|
| Stock price: | A$1.18 at close May 3
|
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