By Devika Patel
Knoxville, Tenn., Nov. 1 - Halcyon Group Ltd. said it plans to raise A$1.84 million in two private placements of shares.
In the first deal, the company will sell 40 million shares at A$0.029 per share for A$1.16 million.
In the second offering, the company will sell 2 million shares at A$0.34 apiece for A$680,000. The shares in the second deal will be sold with 2 million free attaching one-year options exercisable at A$0.34 each.
Proceeds will be used to help fund the company's nickel extraction scoping study, for exploration programs and to provide general working capital.
Halcyon is a West Perth, Western Australia-based mineral company exploring for gold, base metals, copper and sulphide nickel.
Issuer: | Halcyon Group Ltd.
|
Issue: | Shares
|
Amount: | A$1.84 million
|
Pricing date: | Nov. 1
|
Stock symbol: | Australia: HCY
|
Stock price: | A$0.03 at close Nov. 1
|
|
First placement
|
Amount: | A$1.16 million
|
Shares: | 40 million
|
Price: | A$0.029
|
Warrants: | No
|
|
Second placement
|
Amount: | A$680,000
|
Shares: | 2 million
|
Price: | A$0.34
|
Options: | 2 million
|
Option expiration: | One year
|
Option strike price: | A$0.34
|
© 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.