By Devika Patel
Knoxville, Tenn., Sept. 24 - Diaz Resources Ltd. said it will conduct a C$1.6 million private placement of shares.
The company will sell 16 million common shares at C$0.10 apiece.
Settlement is expected Oct. 6.
Proceeds will be used for development.
Diaz is an oil and gas exploration and production company based in Calgary, Alta.
Issuer: | Diaz Resources Ltd.
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Issue: | Common shares
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Amount: | C$1.6 million
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Shares: | 16 million
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Price: | C$0.10
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Warrants: | No
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Pricing date: | Sept. 24
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Settlement date: | Oct. 6
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Stock symbol: | Toronto: DZR
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Stock price: | C$0.095 at close Sept. 23
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Market capitalization: | C$6.72 million
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