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STAR DIAMOND ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING
STAR DIAMOND ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING Canada NewsWire ...
About this update from Star Diamond Corporation
[{"type":"text","content":"\n \n \n \n STAR DIAMOND ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/\n \n \n \n \n \n Stock Symbol:\n \n DIAM\n \n :\n \n TSX\n \n \n \n \n \n \n \n SASKATOON, SK\n \n \n ,\n \n \n April 6, 2022\n \n \n /CNW/ - Star Diamond Corporation (\"Star Diamond\" or the \"Corporation\") is pleased to announce the completion of the previously announced non-brokered private placement (the \"Offering\") of units of the Corporation (collectively, the \"Units\").  Under the Offering, the Corporation issued an aggregate of 13,959,734 Units at a price of\n \n $0.30\n \n per Unit for aggregate gross proceeds to the Corporation of\n \n $4,187,920.20\n \n . Each Unit is comprised of one common share in the capital of the Corporation (each a \"Common Share\") and one Common Share purchase warrant (each, a \"Warrant\").  Each warrant will entitle the holder thereof to purchase one additional Common Share at a price of\n \n $0.40\n \n per Common Share at any time prior to\n \n April 6, 2024\n \n .\n \n \n \n \n \n \n \n \n \n The net proceeds from the sale of the Units are anticipated to be used by the Corporation to: (i) settle its current working capital deficiency; (ii) for technical analyses and evaluations of the Corporation's mineral property interests, including the Corporation's interest in the Star – Orion South Diamond Project; (iii) and for general corporate purposes.  Although the Corporation intends to use the net proceeds of the Offering as described, the actual allocation of the net proceeds of the Offering may vary from the anticipated uses, depending on future operations or unforeseen events or opportunities.\n \n \n In connection with the Offering, the Corporation paid\n \n $20,736\n \n in finder's fees, equal to 6% of the gross proceeds raised by a finder under the Offering and issued finders an aggregate of 362,284
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