By Devika Patel
Knoxville, Tenn., Dec. 18 - Nyota Minerals Ltd. said it will raise £2.25 million in a private placement of shares. Ocean Equities Ltd. is the agent.
The company will sell 32,142,858 ordinary shares at 7p each.
Proceeds will be used for drilling.
Based in West Perth, Australia, Nyota Minerals is a mineral explorer.
| Issuer: | Nyota Minerals Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | £2.25 million
|
| Shares: | 32,142,858
|
| Price: | 7p
|
| Warrants: | No
|
| Agent: | Ocean Equities Ltd.
|
| Pricing date: | Dec. 18
|
| Stock symbol: | London: NYO
|
| Stock price: | 7.5p at close Dec. 18
|
| Market capitalization: | £15.9 million
|
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