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| Home : Talmora Diamond Completes $150,000 Private Placement |
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Apr 17
2012 |
Talmora Diamond Completes $150,000 Private Placement |
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TORONTO, ONTARIO--(Marketwire - April 16, 2012) - Talmora Diamond Inc. (CNSX:TAI) is pleased to announce that it has completed a part brokered and part non-brokered private placement of 3,000,000 Units, comprised of 1,200,000 Hard Dollar Units and 1,800,000 Flow-Through Units, that were sold at $0.05 per Unit, for gross proceeds of $150,000 effective April 16, 2012. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant ("Warrant") entitles the holder to acquire one common share for $0.10 until April 16, 2014. If during the term of the Warrants the common shares of Talmora trade at or above Can. $0.20 for a period of 20 consecutive trading days, the Company may notify the warrant holder to exercise the Warrants at a date no later than 30 calendar days after this notification date or forfeit any unexercised Warrants at that time. All securities issued pursuant to the financing are subject to a four month hold period which expires on August 16, 2012. Insiders acquired a total of 1,500,000 Units in the financing. The Company paid a cash commission of $1,500 on the brokered portion of the placement. |
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| Source:http://www.marketwire.com/mw/release.do?id=1644325&sourceType=3 |
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