By Sheri Kasprzak
New York, March 3 - Nordic Diamonds Ltd. said it has settled a C$2.13 million private placement.
The company issued 10.65 million units of one share and one warrant to RAB Special Situations Master Fund Ltd. and other investors. The units were sold at C$0.20 each.
Each warrant is exercisable at C$0.30 for two years.
Union Securities Ltd. was the placement agent.
Based in Vancouver, B.C., Nordic is a diamond exploration company.
Issuer: | Nordic Diamonds Ltd.
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Issue: | Units of one share and one warrant
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Amount: | C$2.13 million
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Units: | 10.65 million
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Price: | C$0.20
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.30
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Placement agent: | Union Securities Ltd.
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Investors: | RAB Special Situations Master Fund Ltd. (lead)
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Settlement date: | March 3
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Stock symbol: | TSX Venture: NDL
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Stock price: | C$0.25 at close March 3
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