By Sheri Kasprzak
Atlanta, May 12 - Diadem Resources Ltd. plans to raise up to C$2 million in a private placement.
The non-brokered offering includes up to 40 million flow-through shares at C$0.05 each.
The offering is expected to close May 31.
Toronto-based Diadem is a diamond exploration and development company.
| Issuer: | Diadem Resources Ltd.
|
| Issue: | Flow-through shares
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| Amount: | C$2 million (maximum)
|
| Shares: | 40 million (maximum)
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| Price: | C$0.05
|
| Warrants: | No
|
| Pricing date: | May 12
|
| Settlement date: | May 31
|
| Stock price: | C$0.055 at close May 12
|
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