Slow markets have caused Nu-Lite Industries (NLE-V) to re-price a private placement.
Unable to complete a 2.2-Million unit private placement at $3 each, the junior has arranged with investors to reprice the placement at $2 per unit.
Gross proceeds of $4.4 million will be used to finance the acquisition of Prima Mining and to fund a foreign equity joint venture with China He Nan Province San Men Xia Shi Gold Industry, on the Yangzhaiyu gold property in China’s Henan province.
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