New Issue: Diaz Resources to raise up to C$2 million in stock offering

By Sheri Kasprzak

New York, Dec. 1 - Diaz Resources Ltd. said it intends to raise up to C$2,000,400 in a private placement.

The company plans to sell up to 1,667,000 flow-through shares at C$1.20 each through placement agent Research Capital Corp.

Proceeds from the deal, which is scheduled to close on Dec. 16, will be used for capital expenses in Canada.

Calgary, Alta.-based Diaz is an oil and natural gas exploration and production company.

Issuer:	Diaz Resources Ltd.
Issue:	Flow-through shares
Amount:	C$2,000,400 (maximum)
Shares:	1,667,000 (maximum)
Price:	C$1.20
Warrants:	No
Placement agent:	Research Capital Corp.
Pricing date:	Dec. 1
Settlement date:	Dec. 16
Stock price:	C$0.99 at close Nov. 30

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