News

Advanced Search

Kennady Raises $9M

Oct 22, 2013 12:21 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Kennady Diamonds Inc.  closed its non-brokered private placement of flow-through and non-flow-through common shares for gross proceeds of $9 million.

The exploration company issued 247,100 flow-through common shares at a price of $5.50 per share and 1,608,621 non-flow-through common shares at a price of $4.75 per share. The shares are subject to a four-month hold period, expiring on February 21, 2014. Proceeds of the private placement will be used primarily for the company's 2014 exploration program at the Kennady north diamond project and for general working capital.

Tags: capital funding, Jeff Miller, kennady, private placement
Similar Articles
Burgundy yellow diamonds 140Burgundy Diamond Mines Inks New Polished Deals
Aug 03, 2022
Australia-based Burgundy Diamond Mines has signed a two-stage agreement to provide polished fancy-color diamonds to prominent Perth
Lucapa 170ct pink diamond 140Lucapa Unearths 170ct. Pink from Lulo
Jul 27, 2022
Lucapa Diamond Company has recovered one of the largest pink diamonds in history: a 170-carat stone from
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.