By Devika Patel
Knoxville, Tenn., Oct. 21 - DiamonEx Ltd. said it arranged to raise A$2 million in a private placement of shares.
The company arranged to sell 20 million shares at A$0.10 per share to Hartco Nominees Pty Ltd.
The placement will be conducted in two tranches.
The first tranche of 5.3 million shares, or A$530,000, will be completed on Oct. 22.
The second tranche of the placement is subject to DiamonEx obtaining the requisite shareholder approvals at its annual general meeting, which will be held on Nov. 28.
Based in Brisbane, Australia, DiamonEx is a specialist diamond explorer focused on discovering and developing commercial diamond bearing bodies.
| Issuer: | DiamonEx Ltd.
|
| Issue: | Shares
|
| Amount: | A$2 million
|
| Shares: | 20 million
|
| Price: | A$0.10
|
| Warrants: | No
|
| Investor: | Hartco Nominees Pty Ltd.
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 22 (for A$530,000)
|
| Stock symbol: | Australia: DON
|
| Stock price: | A$0.15 at close Oct. 21
|
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