By Devika Patel
Knoxville, Tenn., Aug. 22 - DiamonEx Ltd. said it pocketed A$3.6 million in a private placement of shares.
The company sold 18 million shares at A$0.20 per share.
Proceeds will be used to strengthen the company's cash reserves.
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$3.6 million
|
| Shares: | 18 million
|
| Price: | A$0.20
|
| Warrants: | No
|
| Investor: | Standard African Equity Fund
|
| Pricing date: | Aug. 22
|
| Stock symbol: | Australia: DON
|
| Stock price: | A$0.19 at close Aug. 22
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
