By Sheri Kasprzak
Atlanta, April 26 - Dianor Resources Inc. said it plans to raise C$5 million in a private placement of units.
The offering includes 10 million units at C$0.50 each.
The units are comprised of one share and one half-share warrant. The whole warrants provide for an additional share at C$0.75 each for 18 months.
Based in Val-D'or, Quebec, Dianor is a diamond exploration company. The proceeds will be used for diamond exploration on projects in Quebec and Ontario.
| Issuer: | Dianor Resources Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$5 million
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| Units: | 10 million
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| Price: | C$0.50
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$0.75
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| Pricing date: | April 26
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| Stock price: | C$0.375 at close April 26
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