Boulder Steel (ASX: BGD) have placed 6,230,000 ordinary shares to Australian investors at a placement price of A$0.17 per share, raising $1,059,100,00 before commission.
In addition, the subscribers will receive one free attaching listed option for every two shares subscribed for, with an exercise price of 10 cents each and expiring on 31 March 2012.
This placement was made in accordance with ASX Listing Rule 7.1.
The funds raised will be utilised for the development of the company’s projects and for head office operation.
The placement was facilitated and co-ordinated by Berlin Mining and Investments Pty Limited.
Disclosure: The author holds no positions in the company