By Laura Lutz
Washington, Nov. 29 - Stornoway Diamond Corp. closed two private placements of flow-through shares to raise a total of C$4.175 million.
The first offering, which was announced on Nov. 14, included 3.2 million flow-through shares at C$1.25 each. That offering was underwritten by Canaccord Adams and BMO Capital Markets.
The second offering was non-brokered. It included 140,000 flow-through shares at C$1.25 each.
Stornoway is a diamond mining company based in Vancouver, B.C.
| Issuer: | Stornoway Diamond Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$4.175 million
|
| Shares: | 3.34 million
|
| Price: | C$1.25
|
| Warrants: | No
|
| Underwriters: | Canaccord Adams and BMO Capital Markets for C$4 million; remainder non-brokered
|
| Pricing date: | Nov. 14 (for C$4 million)
|
| Settlement date: | Nov. 29
|
| Stock symbol: | Toronto: SWY
|
| Stock price: | C$0.92 at close Nov. 14
|
| Stock price: | C$0.93 at close Nov. 29
|
© 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.
