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Star Diamond Corporation Announces Closing of Private Placement
Star Diamond Corporation Announces Closing of Private Placement Canada NewsWire ...
About this update from Star Diamond Corporation
[{"type":"text","content":"\n\n\n\nStar Diamond Corporation Announces Closing of Private Placement\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\n\n\n\n\n\n\nCanada NewsWire\nSASKATOON, Dec. 20, 2018\n\n\n\nTSX: DIAM\n SASKATOON, Dec. 20, 2018 /CNW/ - Star Diamond Corporation (TSX:DIAM) (\"the Corporation\") is pleased to announce the successful closing of a $1.25 million private placement  of 4,808,153 Flow-Through Common Shares at a price of $0.26 per Flow-Through Common Share (the \"Offering\"). \nThe proceeds from the sale of the Flow-Through Common Shares will be used by the Corporation to incur Canadian exploration expenses (\"Qualifying Expenditures\") prior to December 31, 2019. The Corporation will renounce the Qualifying Expenditures to subscribers of Flow-Through Common Shares for the fiscal year ended December 31, 2018. \nThe Corporation paid certain finders (each a \"Finder\") cash fees equal to 5% of the gross proceeds raised by such Finder pursuant to the Offering, and issued such Finder warrants equal to 5% of the number of Flow-Through Common Shares attributable to such Finder pursuant to the Offering (the \"Finder's Warrants\"). The Corporation issued 240,408 in Finder's Warrants in relation to the Placement, exercisable at any time up to twelve months following the closing of the Offering at $0.28 per share. All securities issued pursuant to the Offering are subject to a four month hold period in accordance with applicable securities laws and exchange regulations. The Offering is subject to TSX acceptance of requisite regulatory filings.\nStar Diamond Corporation is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Corporation trade on the TSX Exchange under the trading symbol \"DIAM\".\nCaution Regarding Forward-Looking Statements\nThis press release contains \"forward-looking statements\" and/or \"forward-looking information\", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legisl...