By Laura Lutz
Washington, Dec. 11 - Diaz Resources Ltd. arranged a private placement for up to C$1.5 million.
The company plans to sell 1.5 million flow-through common shares at C$1.00 each.
Research Capital Corp., the agent for the deal, also received a greenshoe for up to 500,000 more flow-through shares.
Settlement is expected the week of Dec. 18 and no later than Dec. 29, subject to regulatory approvals.
Proceeds will be used for exploration.
Diaz is an oil and gas exploration company based in Calgary, Alta.
| Issuer: | Diaz Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.5 million
|
| Shares: | 1.5 million
|
| Greenshoe: | For 500,000 flow-through shares
|
| Price: | C$1.00
|
| Warrants: | No
|
| Agent: | Research Capital Corp.
|
| Pricing date: | Dec. 11
|
| Settlement date: | No later than Dec. 29
|
| Stock symbol: | Toronto: DZR
|
| Stock price: | C$0.88 at close Dec. 8
|
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