By Sheri Kasprzak
Atlanta, June 15 - Tahera Diamond Corp. said it plans to head to the private placement market with a C$3,408,000 offering.
The company plans to sell 7.1 million flow-through shares at C$0.48 each.
A syndicate of underwriters led by Dundee Securities Corp. and including GMP Securities Ltd. and National Bank Financial Inc. has an over-allotment option for up to 2.15 million additional flow-through shares.
The deal is expected to close June 30.
Tahera, based in Toronto, is a diamond exploration company. The proceeds will be used for the company's 2005 exploration program in Nunavut and the Northwest Territories.
| Issuer: | Tahera Diamond Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$3,408,000
|
| Shares: | 7.1 million
|
| Greenshoe: | For up to 2.15 million flow-through shares
|
| Price: | C$0.48
|
| Warrants: | No
|
| Underwriters: | Dundee Securities Corp. (lead); GMP Securities Ltd.; National Bank Financial Inc.
|
| Pricing date: | June 15
|
| Settlement date: | June 30
|
| Stock price: | C$0.405 at close June 15
|
|
|
© 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.
