Business
Diamondex Resources Ltd. Announces Private Placement Financing
Diamondex Resources Ltd. Announces Private Placement Financing.
About this update from Canterra Minerals Corporation
[{"type":"text","content":"\n\n\n\n/NOT FOR DISEMMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE\n\n\nSERVICES/\n\n\nVANCOUVER, June 11 /CNW/ - Diamondex Resources Ltd. (TSX VENTURE: DSP)\n("Diamondex" or the "Company") is pleased to announce that it has engaged a\nsyndicate of agents led by Genuity Capital Markets and including Toll Cross\nSecurities Inc and Versant Partners Inc. (the "Agents") to complete a private\nplacement financing (the "Offering"), on a marketed reasonable best efforts\nagency basis, to raise approximately $10,000,000 comprised of common shares\n("Common Shares") and flow-through common shares ("Flow-Through Shares") of\nthe Company. The issue price of the Common Shares and the Flow-Through Shares\nwill be determined in accordance with current market conditions.\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\ncommon shares as is equal to...