By Sheri Kasprzak
New York, Oct. 27 - European Diamonds plc said it has secured another £1.15 million from its previously closed stock offering.
The company issued another 5 million shares at 23p each.
On Oct. 5, the company completed another £1.15 million financing under the same terms.
Proceeds from the deal will be used for working capital.
Based in London, European Diamonds owns and explores diamond interests in Lesotho and Finland.
| Issuer: | European Diamonds plc
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| Issue: | Stock
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| Amount: | £1.15 million
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| Shares: | 5 million
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| Price: | 23p
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| Warrants: | No
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| Settlement date: | Oct. 27
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| Stock price: | 22p at close Oct. 26
|
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