By Laura Lutz
Des Moines, Nov. 16 - Diamonds North Resources Ltd. closed a private placement for C$7 million.
The company sold 7,368,422 flow-through common shares at C$0.95 each.
The deal included a greenshoe.
Clarus Securities Inc. acted as lead underwriter with a syndicate that included Loewen, Ondaatje, McCutcheon Ltd. and Raymond James Ltd.
Proceeds will be used to fund drilling on the company's diamond projects.
Diamonds North is a diamond exploration company based in Vancouver, B.C.
| Issuer: | Diamonds North Resources Ltd.
|
| Issue: | Common shares
|
| Amount: | C$7 million
|
| Shares: | 7,368,422
|
| Price: | C$0.95
|
| Warrants: | No
|
| Underwriter: | Clarus Securities Inc. (lead), Loewen, Ondaatje, McCutcheon Ltd., Raymond James Ltd.
|
| Settlement date: | Nov. 16
|
| Stock symbol: | TSX Venture: DDN
|
| Stock price: | C$0.75 at close Nov. 16
|
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