By Devika Patel
Knoxville, Tenn., Aug. 22 - DiamonEx Ltd. said it pocketed A$3.6 million in a private placement of shares.
The company sold 18 million shares at A$0.20 per share.
Proceeds will be used to strengthen the company's cash reserves.
Based in Brisbane, Australia, DiamonEx is a specialist diamond explorer focused on discovering and developing commercial diamond bearing bodies.
Issuer: | DiamonEx Ltd.
|
Issue: | Shares
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Amount: | A$3.6 million
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Shares: | 18 million
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Price: | A$0.20
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Warrants: | No
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Investor: | Standard African Equity Fund
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Pricing date: | Aug. 22
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Stock symbol: | Australia: DON
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Stock price: | A$0.19 at close Aug. 22
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