By Sheri Kasprzak
Atlanta, Nov. 15 - Golden Prospect plc said Monday it has closed a private placement for £3.25 million.
The deal consists of 9.5 million common shares at 35 pence each. The shares were placed by Williams de Broe.
The company will apply to have its common shares admitted to trade on the London Stock Exchange's AIM on Nov. 23.
Golden Prospect is a London-based platinum, gold and diamond exploration company. The company plans to use the proceeds from the financing for its core holdings in the natural resources sector with emphasis on the Far East.
| Issuer: | Golden Prospect plc
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| Issue: | Stock
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| Amount: | £3.25 million
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| Shares: | 9.5 million
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| Price: | 35 pence
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| Warrants: | No
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| Placement agent: | William de Broe
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| Announcement date: | Nov. 15
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| Stock price: | £35.70 at close Nov. 12
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