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Kennady Diamonds aims to price C$5 million private placement of stock
Deal funds winter exploration program and general corporate purposes
By Devika Patel
Knoxville, Tenn., Oct. 7 - Kennady Diamonds Inc. said it plans to conduct a private placement of stock to raise about C$5 million.
The company will sell common shares and flow-through common shares.
Proceeds will be used to support the company's 2014 winter exploration program and for general corporate purposes.
The diamond exploration company is based in Toronto.
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