By Devika Patel
Knoxville, Tenn., Nov. 26 - Diaz Resources Ltd. said it will conduct a C$1 million non-brokered private placement of shares.
The company will sell up to 3,333,333 flow-through common shares at C$0.30 apiece.
Humboldt Capital Corp. has agreed to purchase up to 1,111,111 shares.
Proceeds will be used for exploration.
Diaz is an oil and gas exploration and production company based in Calgary, Alta.
| Issuer: | Diaz Resources Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1 million
|
| Shares: | 3,333,333
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Humboldt Capital Corp. (for 1,111,111 shares)
|
| Pricing date: | Nov. 22
|
| Stock symbol: | Toronto: DZR
|
| Stock price: | C$0.26 at close Nov. 22
|
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