Oversubscribed offering funds operating capital and corporate purposes
By Devika Patel
Knoxville, Tenn., June 17 - Diamcor Mining Inc. said it settled a C$1.98 million non-brokered private placement of units. The oversubscribed deal priced for C$1.88 million on June 4.
The company sold 1,587,784 units of one common share and a half-share warrant at C$1.25 per unit. Each whole warrant is exercisable at C$1.75 until June 17, 2016. The strike price reflects a 43.44% premium to the June 3 closing share price of C$1.22.
Proceeds will be used as operating capital and for general and corporate purposes.
Based in Kelowna, B.C., Diamcor is a junior resource company.
| Issuer: | Diamcor Mining Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1,984,730
|
| Units: | 1,587,784
|
| Price: | C$1.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | June 17, 2016
|
| Warrant strike price: | C$1.75
|
| Agent: | Non-brokered
|
| Pricing date: | June 4
|
| Settlement date: | June 17
|
| Stock symbol: | TSX Venture: DMI
|
| Stock price: | C$1.22 at close June 3
|
| Market capitalization: | C$43.96 million
|
© 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.
