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TORONTO, ONTARIO--(Marketwire - Aug. 19, 2011) - Debut Diamonds Inc. ("Debut") is pleased to announce that it successfully completed a $2,000,000 private placement (the "Private Placement"). An aggregate of 5,714,285 units ("Units") were sold to funds of the MineralFields Group at $0.35 per Unit for gross proceeds of $2,000,000. Each Unit is comprised of one flow-through common share and one-half of a flow-through common share purchase warrant. Each whole warrant (a "Warrant") entitles the holder to purchase one non-flow-through common share at any time for a period of two years, at a price of $0.45. |
