Offering is expected to fund exploration and general working capital
By Devika Patel
Knoxville, Tenn., Nov. 28 - Diamond Fields International Ltd. said it took in C$1.13 million in a private placement of stock on Nov. 25. The offering priced on Nov. 24.
The company sold 8,355,556 shares at C$0.135 per share. Of the shares, 5,555,556 were sold to insiders.
The price per share is a 20.59% discount to the Nov. 23 closing share price of C$0.17.
Proceeds will be used to advance the company's exploration projects and for general working capital.
Diamond Fields is a marine diamond producer based in Cape Town, South Africa.
| Issuer: | Diamond Fields International Ltd.
|
| Issue: | Shares
|
| Amount: | C$1,128,000
|
| Shares: | 8,355,556
|
| Price: | C$0.135
|
| Warrants: | No
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 25
|
| Stock symbol: | Toronto: DFI
|
| Stock price: | C$0.15 at close Nov. 24
|
| Market capitalization: | C$9.6 million
|
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