By Sheri Kasprzak
New York, Dec. 21 - Diaz Resources Ltd. concluded a C$2 million private placement, including a greenshoe.
The company sold 2 million flow-through shares, including an over-allotment option for 500,000 additional shares exercised by agent Research Capital Corp.
The shares were sold at C$1.00 each.
Proceeds will be used for exploration expenses on the company's Canadian oil and gas properties through 2007.
Diaz, based in Calgary, Alta., is an oil and natural gas exploration company.
| Issuer: | Diaz Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$2 million
|
| Shares: | 2 million (includes greenshoe for 500,000)
|
| Price: | C$1.00
|
| Warrants: | No
|
| Placement agent: | Research Capital Corp.
|
| Settlement date: | Dec. 21
|
| Stock symbol: | Toronto: DZR
|
| Stock price: | C$0.77 at close Dec. 21
|
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