By Sheri Kasprzak
New York, June 13 - Diadem Resources Ltd. intends to raise C$1 million in a private placement that replaces a canceled deal it priced back in May.
The new offering includes up to 2,380,952 flow-through shares at C$0.42 each.
The non-brokered deal is slated to close on June 30.
Proceeds will be used for exploration on the company's mineral properties in Canada, including the Duquesne West gold project and the Franklin diamond project.
The first offering, priced on May 18, called for the sale of up to 2 million flow-through shares at C$0.50 apiece.
Toronto-based Diadem is a gold and diamond exploration company.
| Issuer: | Diadem Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$1 million
|
| Shares: | 2,380,952
|
| Price: | C$0.42
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | June 13
|
| Settlement date: | June 30
|
| Stock symbol: | TSX Venture: DRL
|
| Stock price: | C$0.335 at close June 12
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
