Business
Diamondex Resources Ltd. Announces Pricing of Private Placement
Diamondex Resources Ltd. Announces Pricing of Private Placement.
About this update from Canterra Minerals Corporation
[{"type":"text","content":"\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE\n\n\nSERVICES/\n\n\nVANCOUVER, June 12 /CNW/ - Diamondex Resources Ltd. (TSX VENTURE: DSP)\n("Diamondex" or the "Company") is pleased to announce that its private\nplacement announced yesterday has been priced. A total of 14,286,000 common\nshares ("Common Shares") and 17,650,000 flow-through common shares\n("Flow-Through Shares") of the Company will be issued under the private\nplacement at a price of C$0.28 per Common Share and C$0.34 per Flow-Through\nShare (the "Offering").\n\n\nDiamondex has engaged a syndicate of agents led by Genuity Capital\nMarkets, and including Toll Cross Securities Inc and Versant Partners Inc.\n(the "Agents"), to complete the Offering on a marketed reasonable best efforts\nagency basis.\n\n\nThe Common Shares and Flow-Through Shares will be offered and sold by way\nof private placement exemptions in all provinces and jurisdictions of Canada\nother than Quebec mutually agreed to by the Company and the Agents, into the\nUnited States in such manner as not to require registration under the United\nStates Securities Act of 1933, as amended, and in jurisdictions outside of\nCanada and the US.\n\n\nThe Offering is subject to certain conditions including, but not limited\nto, the receipt of all necessary corporate and regulatory approvals, including\nthe acceptance of the TSX Venture Exchange.\n\n\nThe net proceeds from the sale of the Offering will be used to fund the\nacquisition and exploration of Buffalo Hills, as well as, exploration at the\nCompany's Lena West, Brodeur and other properties, working capital and general\ncorporate purposes.\n\n\nThe Offering is expected to close on or before June 28, 2007. The Agents\nwill be granted an option to purchase up to an additional 15% of the number of\nCommon Shares and Flow-Through Shares sold to cover over-allotments, if any,\non the same terms and conditions as the securities issued under the Offering.\nAll securities issues in connection with the Offering will be subject to a\nfour month hold period. The Agents will receive a cash commission of 7.0% of\nthe gross proceeds raised in this private placement and compensation warrants\n(the "Compensation Warrants") entitling the Agents to purchase such number of\nc...