By Sheri Kasprzak
Atlanta, Jan. 6 - Diadem Resources Ltd. said it has wrapped a non-brokered private placement for C$1,133,200.
The company sold 7,554,670 units at C$0.15 each. The units are comprised of one flow-through share and one half-share warrant.
The whole warrants allow for an additional flow-through share at C$0.20 each for nine months.
On Nov. 18, the company announced its plans to raise C$1.6 million in a private placement. The initial offering included 10,666,666 units under the same terms.
Toronto-based Diadem is a diamond, gold and silver exploration company.
Issuer: | Diadem Resources Ltd.
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Issue: | Units of one flow-through common share and one half of one flow-through common share warrant
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Amount: | C$1,133,200
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Units: | 7,554,670
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Price: | C$0.15
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Warrants: | One half flow-through common share warrant per unit
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Warrant expiration: | Nine months
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Warrant strike price: | C$0.20
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Pricing date: | Nov. 18
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Settlement date: | Dec. 30
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Stock price: | C$0.14 at close Nov. 18
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Stock price: | C$0.12 at close Dec. 30
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