By Devika Patel
Knoxville, Tenn., July 30 - Dianor Resources Inc. announced it took in C$1.5 million in a private placement of units.
The company sold the units at C$0.075 apiece. Each unit consists of one flow-through common share and one warrant. Each warrant is exercisable at C$0.105 until July 23, 2011.
Proceeds will be used for exploration on Dianor's properties in Quebec.
Based in Val d'Or, Quebec, Dianor is a diamond exploration company.
| Issuer: | Dianor Resources Inc.
|
| Issue: | Units of one flow-through common share and one warrant
|
| Amount: | C$1.5 million
|
| Price: | C$0.075
|
| Warrants: | One warrant per unit
|
| Warrant strike price: | C$0.105
|
| Warrant expiration: | July 23, 2011
|
| Settlement date: | July 30
|
| Stock symbol: | TSX Venture: DOR
|
| Stock price: | C$0.07 at close July 30
|
| Market capitalization: | C$13.4 million
|
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