By Sheri Kasprzak
New York, July 20 - Diagem Inc. wrapped an oversubscribed private placement for C$6,536,476.
The company sold 65,364,760 shares at C$0.10 each.
The deal priced on July 4 as a C$6 million offering of 60 million shares.
The proceeds will be used for diamond exploration in Brazil and for working capital.
Montreal-based Diagem is a diamond exploration company.
| Issuer: | Diagem Inc.
|
| Issue: | Stock
|
| Amount: | C$6,536,476
|
| Shares: | 65,364,760
|
| Price: | C$0.10
|
| Warrants: | No
|
| Pricing date: | July 4
|
| Settlement date: | July 20
|
| Stock symbol: | TSX Venture: DGM
|
| Stock price: | C$0.13 at close July 4
|
| Stock price: | C$0.105 at close July 20
|
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