Extract Resources completes A$40.3 million private placement
SOUTH PERTH, Western Australia, Sept. 15 /CNW/ - Extract Resources Ltd ("Extract" or the "Company") (ASX / TSX: EXT) is pleased to announce that it has successfully completed its previously announced underwritten private placement ("Placement") of special warrants ("Special Warrants") for gross proceeds of A$40.3 million.
The underwriters, BMO Nesbitt Burns Inc. and Haywood Securities Inc. ("Underwriters"), have placed 5.2 million Special Warrants at a price of A$7.75 per Special Warrant. The Underwriters provided notice that the escrow release conditions relating to the Placement had been satisfied. Proceeds of the Placement were provided to Extract.
EXT Price at posting:
$10.73 Sentiment: Buy Disclosure: Not Held
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