By Sheri Kasprzak
Atlanta, Dec. 17 - Diaz Resources Ltd. said late Thursday it has raised C$1 million in a private placement.
The company sold 1,333,334 flow-through class A subordinated voting shares at C$0.75 each.
The offering fell short of the company's C$1.5 million plan announced Dec. 2. The company had planned to sell 2 million flow-through class A subordinated voting shares.
GMP Securities Ltd. was the placement agent in the deal.
Based in Calgary, Alta., Diaz is an oil and gas exploration and production company. It plans to use the proceeds from the offering for Canadian exploration expenses over the next year.
| Issuer: | Diaz Resources Ltd.
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| Issue: | Flow-through class A subordinated voting shares
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| Amount: | C$1 million
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| Shares: | 1,333,334
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| Price: | C$0.75
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| Warrants: | No
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| Placement agent: | GMP Securities Ltd.
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| Announcement date: | Dec. 2
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| Settlement date: | Dec. 16
|
| Stock price: | C$0.58 at close Dec. 2
|
| Stock price: | C$0.54 at close Dec. 16
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