By Sheri Kasprzak
New York, April 21 - Diamondex Resources Ltd. said it intends to raise up to C$15.05 million.
The deal includes up to 21.5 million units at C$0.70 each.
The units are comprised of one share and one half-share warrant. Each whole warrant is exercisable at C$0.85 for two years.
A syndicate of underwriters led by Genuity Capital Markets and including Westwind Partners Inc. has a greenshoe for up to 2.15 million additional units.
The deal is scheduled to close May 3.
The proceeds will be used for exploration on the company's Lena West, Brodeur and Pegasus properties, as well as for general corporate purposes.
Vancouver, B.C.-based Diamondex is a diamond exploration company.
| Issuer: | Diamondex Resources Ltd.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$15.05 million
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| Units: | 21.5 million
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| Price: | C$0.70
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| Greenshoe: | For up to 2.15 million units
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.85
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| Underwriters: | Genuity Capital Markets (lead), Westwind Partners Inc.
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| Pricing date: | April 21
|
| Settlement date: | May 3
|
| Stock symbol: | TSX Venture: DSP
|
| Stock price: | C$0.68 at close April 21
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