NADL raises $2 million

Developing phosphate interests in the Georgina Basin, Queensland, Australia

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bigphos

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NADL raises $2 million

posted on Dec 01, 2009 08:10PM

NADL raised $2 Million at .046/share issuing 43.5 Million shares. Not bad, a discount to the market price but nice quick easy raise. This will enable the company to move forward quickly on the Lancelot find.

It will be interesting to see if Legend participated in this placement below the market price. My guess is yes, but we shall find out soon.

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