Offering conducted on identical terms as £9.66 million February sale
By Devika Patel
Knoxville, Tenn., June 21 - Nyota Minerals Ltd. said it has signed a letter of agreement for a £1.3 million private placement of shares with International Finance Corp. The deal is being conducted on the same terms as a £9.66 million private placement that priced on Feb. 3.
The investor will buy 21,727,650 ordinary shares at 6p each. The per-share price is a 5.26% premium to the June 21 closing share price of 5.7p.
Based in West Perth, Australia, Nyota Minerals is a gold explorer.
Issuer: | Nyota Minerals Ltd.
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Issue: | Ordinary shares
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Amount: | £1,303,659
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Shares: | 21,727,650
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Price: | 6p
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Warrants: | No
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Investor: | International Finance Corp.
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Pricing date: | June 21
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Stock symbol: | London: NYO
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Stock price: | 5.7p at close June 21; 7.25p at close Feb. 2
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Market capitalization: | £33.07 million
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