By Devika Patel
Knoxville, Tenn., Nov. 10 - BRC DiamondCore Ltd. said it plans a C$1 million non-brokered private placement of units.
The company will sell 20 million units at C$0.05 apiece. Each unit consists of one common share and one warrant, with each warrant exercisable at C$0.066 for four years.
Proceeds will be used for working capital and general corporate purposes.
BRC DiamondCore is a Toronto-based diamond explorer and developer with a portfolio of land holdings in proven diamond-producing regions of South Africa and in prospective diamond districts of the Democratic Republic of the Congo.
| Issuer: | BRC DiamondCore Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 20 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Four years
|
| Warrant strike price: | C$0.066
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 10
|
| Stock symbol: | Toronto: BCD
|
| Stock price: | C$0.08 at close Nov. 9
|
| Market capitalization: | C$1.96 million
|
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