By Sheri Kasprzak
Atlanta, Dec. 3 - Tahera Diamond Corp. said Friday it plans to raise C$3 million in a private placement of shares.
The company intends to issue 6.7 million flow-through common shares at C$0.45 each.
The offering is expected to close Dec. 14.
Based in Toronto, Tahera is a diamond exploration company focused on developing its wholly owned Jericho diamond project. The company plans to use the proceeds to fund part of its 2005 exploration program.
The company said Friday its exploration budget for 2005 is about C$6 million.
| Issuer: | Tahera Diamond Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3 million
|
| Shares: | 6.7 million
|
| Price: | C$0.45
|
| Warrants: | No
|
| Announcement date: | Dec. 3
|
| Settlement date: | Dec. 14
|
| Stock price: | C$0.365 at close Dec. 2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
