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.”

Click here to view entire news release.

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