Business
Diamante Announces Financing
Diamante Announces Financing.
About this update from My City Builders, Inc.
[{"type":"text","content":"\nKELOWNA, British Columbia, March 20, 2017 (GLOBE NEWSWIRE) -- Diamante Minerals, Inc. (OTCBB:DIMN) (\"Diamante\" or the \"Company\"), a natural resources company, has launched a US$1,634,100 direct public offering (the \"Offering\"). \nThe Company intends to use up to US$ 1 million of the proceeds of the Offering to acquire up to an additional 17.6% equity interest in Mineracao Batovi Ltda (\"Mineracao\").  Diamante currently owns 2.4% of Mineracao which holds the Batovi Diamond Project in the state of Mato Grosso, Brazil.  The US$1 million investment will allow the completion of an airborne geophysical survey as well as target testing in 2017 and will bring the Company's ownership in Mineracao to 20%.  Additional funds raised from this Offering will be used for general working capital needs.The Company intends to offer for sale up to 10 million shares of its common stock in a Offering at a price of US$0.16341 per share for net proceeds of up to US$1,634,100. The shares are offered on self-underwritten basis by the directors, officers and employees on the Company in reliance on the broker-dealer registration safe harbor provided under Rule 3a4-1 of the Securities and Exchange Act of 1934, as amended. No commission or other compensation related to the sale of the shares offered by the Company will be paid to the employees, officers or directors. The Company reserves the right to engage registered broker-dealers to assist with this Offering.The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed.The Offering is being made pursuant to a registration statement previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on March 9, 2017. The Offering will be made only by means of a prospectus describing the terms of the proposed Offering which has been filed with the SEC and is available on the SEC’s website located at https://www.sec.gov or from the Company by telephone at 1-250-860-8599. Before investing in this Offering, interested parties should read in their entirety the prospectus and the other documents that Diamante has filed with the SEC that are incorporated by reference in such prospectus, which provide more information about Diamante and the Offering.This press relea...