Laramide Resources Completes CA$5 Million Private Placement
MT Newswires Live
Aug 14
Laramide Resources (ASX:LAM) closed a non-brokered private placement with a strategic investor, issuing 8.4 million common shares at CA$0.60 per share for gross proceeds of CA$5 million, according to a Friday filing with the Australian bourse.
The proceeds will be used for working capital and general corporate purposes, per the filing.
The shares are subject to a four-month-plus-one-day hold period and other resale restrictions, with the closing contingent on regulatory approvals, including approval from the Toronto Stock Exchange, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.