By Sheri Kasprzak
Atlanta, March 7 - BDI Mining Corp. said it will raise up to £4.5 million in a private placement of stock.
The company plans to sell up to 15 million shares at 30p each.
Loeb Aron & Co. is the placement agent in the deal.
Based in London, BDI is a diamond and gold exploration and development company. It plans to use the proceeds from the deal for its accelerated diamond and gold drilling program.
| Issuer: | BDI Mining Corp.
|
| Issue: | Stock
|
| Amount: | £4.5 million (maximum)
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| Shares: | 15 million (maximum)
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| Price: | 30p
|
| Warrants: | No
|
| Placement agent: | Loeb Aron & Co.
|
| Pricing date: | March 4
|
| Stock price: | 25p at close March 4
|
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