By Laura Lutz
Des Moines, May 2 - Diversified Industries Ltd. announced that Bolder Investment Partners, Ltd. will act as agent for part of its previously announced private placement of units, which is now expected to raise up to C$1,000,200.
That total is a slight increase from the C$1 million deal size announced on March 21.
The company plans to sell 3.334 million units of one share and one half-share warrant at C$0.30 per unit. Each whole warrant will be exercisable at C$0.45 for one year.
The fraction of the placement that would be brokered was not announced.
Proceeds will be used for Diversified's planned acquisition of CFR Chemicals Inc. and for working capital.
Diversified is a technology company based in Vancouver, B.C.
| Issuer: | Diversified Industries Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1,000,200
|
| Units: | 3.334 million
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.45
|
| Agent: | Bolder Investment Partners, Ltd. (for part of placement)
|
| Pricing date: | March 21
|
| Amended: | May 2
|
| Stock symbol: | TSX Venture: DVS
|
| Stock price: | C$0.20 at close March 20
|
| Stock price: | C$0.20 at close May 2
|
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