By Sheri Kasprzak
Atlanta, June 30 - Tahera Diamond Corp. said it has completed a private placement for C$4.44 million, including the exercise of a greenshoe.
The company sold 9.25 million flow-through shares at C$0.48 each. A total of 2.15 million of the shares were sold under an over-allotment option exercised by a syndicate of underwriters led by Dundee Securities Corp. and including GMP Securities Ltd. and National Bank Financial Inc.
The deal was first announced June 15 as a C$3,408,000 offering of 7.1 million flow-through shares under the same terms.
Tahera, based in Toronto, is a diamond exploration company. The proceeds will be used for the company's 2005 exploration program in Nunavut and the Northwest Territories.
| Issuer: | Tahera Diamond Corp.
|
| Issue: | Flow-through shares
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| Amount: | C$4.44 million
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| Shares: | 9.25 million (includes greenshoe for 2.15 million shares)
|
| Price: | C$0.48
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| Warrants: | No
|
| Underwriters: | Dundee Securities Corp.; GMP Securities Ltd.; National Bank Financial Inc.
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| Pricing date: | June 15
|
| Settlement date: | June 30
|
| Stock price: | C$0.405 at close June 15
|
| Stock price: | C$0.37 at close June 29
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