Published on 1/25/2008 in the Prospect News PIPE Daily.
New Issue: African Copper plans £5.1 million private placement of stock
By Devika Patel
Knoxville, Tenn., Jan. 25 - African Copper plc said it will raise £5.1 million in a private placement of shares.
The company will sell 7,284,000 shares at 70p each to MRI Trading AG.
The private placement is expected to close by Feb. 4.
African Copper is a mineral exploration and development company based in London.
| Issuer: | African Copper plc
|
| Issue: | Shares
|
| Amount: | £5,098,800
|
| Shares: | 7,284,000
|
| Price: | 70p
|
| Warrants: | No
|
| Investor: | MRI Trading AG
|
| Pricing date: | Jan. 25
|
| Stock symbol: | London: ACU
|
| Stock price: | 60.5p at close Jan. 24
|
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