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IGE Pleased to Announce Private Settlement

Investing News Network
May. 04, 2010 02:31PM PST
Diamond Investing

Because of the new placement IGE Resources AB (OSE: IGE) announced that the Company has raised NOK 31.0 million of new equity in a private placement. Earnings will be contributed to expand IGE’s diamonds operations in Southern Africa.
The press release is quoted as saying:
“The Private Placement was subscribed by a group of investors led by […]

Because of the new placement IGE Resources AB (OSE: IGE) announced that the Company has raised NOK 31.0 million of new equity in a private placement. Earnings will be contributed to expand IGE’s diamonds operations in Southern Africa.

The press release is quoted as saying:

“The Private Placement was subscribed by a group of investors led by Ulrik Jansson, who also prior to the placement was one of IGE’s largest shareholders. The minimum order in the Private Placement was set to a number of shares equalling an aggregate subscription price of at least the NOK equivalent of EUR 50,000. The applicants in the Private Placement will receive notification of allocation today.”

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