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Star Diamond Announces Non-Brokered Private Placement Financing of up to C$2.0 Million
Star Diamond Announces Non-Brokered Private Placement Financing of up to C$2.0 Million ...
About this update from Star Diamond Corporation
[{"type":"text","content":"\n \n \n \n Star Diamond Announces Non-Brokered Private Placement Financing of up to C$2.0 Million\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 TSX: DIAM\n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWSWIRES/\n \n \n \n \n \n SASKATOON, SK\n \n \n ,\n \n \n Dec. 15, 2023\n \n \n /CNW/ -\n \n Star Diamond Corporation\n \n (TSX: DIAM) (\"Star Diamond\" or the \"\n \n Company\n \n \") announces a non-brokered private placement to raise gross proceeds of up to\n \n C$2.0 million\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n The Offering will consist of any combination of (i) units of the Company (\"\n \n Units\n \n \") at a price of\n \n C$0.09\n \n per Unit; and (ii) \"flow-through\" units of the Company (\"\n \n FT Units\n \n \") at a price of\n \n C$0.11\n \n per FT Unit, subject to maximum aggregate gross proceeds of\n \n C$2.0 million\n \n . Each Unit shall consist of one common share of the Company (which shall not be a \"flow-through share\") and one common share purchase warrant (a \"Warrant\").  Each FT Unit shall consist of one common share of the Company (a \"FT Share\") and one Warrant, each of which will qualify as a \"flow-through share\" for the purposes of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ). Each Warrant will entitle the holder thereof to acquire one additional common share of the Company (which shall not be a \"flow-through share\") at an exercise price of\n \n C$0.14\n \n for a period of 36 months from the date of issuance.\n \n \n The Offering will be conducted in reliance upon available prospectus exemptions contained in National Instrument 45-106 – Prospectus Exemptions, including the \"accredited investor\" and \"family, friends and business associates\" exemptions.\n \n \n \n Existing shareholders or other subscribers interested in participating in the Offering should contact Star Diamond Corporation by email at\n \n \n [email protected]\n \n \n for additional info...