Big Red Diamond Corporation: $236,250 Private Placement.MONTREAL Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. -- Big Red Diamond Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DIA) announces that it has concluded with six (6) qualified investors a private placement of $236,250 consisting in the issuance of 225 units at a price of $1,050 per unit. Each unit entitles the holder to acquire 5,600 flow-through common shares and 1,400 common shares, at a price of $0.15 per share. 3,500 common share purchase warrants exercisable at $0.20 per warrant are also issued as part of each unit and are valid until December December: see month. 31st, 2007. As compensation in completing this placement 300,000 brokers options are to be issued. These Options allow the holder to acquire shares at a price of $0.20 per share until December 31st, 2007. The proceeds from this private placement will be used for general working capital and to pursue exploration efforts on its Ontario Ontario, city, United States Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891. and Quebec diamond properties. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for adequa cy or accuracy of the content of this news release. Big Red Diamond Corporation (TSX VENTURE:DIA) |
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