By Sheri Kasprzak
New York, July 11 - Northwest Resources Ltd. has negotiated a private placement for up to A$2 million.
The offering includes up to 10 million shares at a price based upon the one-month volume weighted average price of A$0.2037.
The company may issue up to 5 million of the shares and the remainder will be issued upon shareholder approval.
Proceeds from the deal will be used to accelerate exploration and development on the Blue Spec Shear gold project.
Based in Darling Point, New South Wales, Australia, Northwest is a gold exploration company.
| Issuer: | Northwest Resources Ltd.
|
| Issue: | Stock
|
| Amount: | A$2 million
|
| Shares: | 10 million
|
| Price: | A$0.20
|
| Warrants: | No
|
| Pricing date: | July 11
|
| Stock symbol: | Australia: NWR
|
| Stock price: | A$0.22 at close July 11
|
|
|
© 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.
