By Sheri Kasprzak
Atlanta, Jan. 18 - GGL Diamond Corp. plans to raise up to C$1 million in a non-brokered private placement, the company said.
The offering includes up to 5 million units at C$0.20 each. The units are comprised of one share and one half-share warrant.
The whole warrants allow for an additional share at C$0.25 for the first year and C$0.30 each for the second year.
GGL is a Vancouver, B.C.-based diamond exploration and development company. The proceeds will be used for exploration projects on its properties and for corporate and administrative expenses. The remainder will be used for working capital.
| Issuer: | GGL Diamond Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million (maximum)
|
| Units: | 5 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25 for the first year; C$0.30 for the second year
|
| Pricing date: | Jan. 18
|
| Stock price: | C$0.20 at close Jan. 18
|
|
|
© 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.
