Redaurum Completes Private Placement.TORONTO--(BUSINESS WIRE)--April 16, 1997--Redaurum Limited(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). RRK RRK Random Rotation of Key .) Redaurum Limited (the "Company") (RRK-TSE) announced today that it has recently completed a private placement of 5,973,600 units, each consisting of a common share and a warrant to acquire a common share at an exercise price of $0.50 per common share expiring on March 8,1999. The units were issued at a price of $0.35 per unit. The gross proceeds of the private placement were approximately $2,090,000. Redaurum is an international diamond mining and exploration company which owns and operates the only commercial producing diamond property in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. at Kelsey Lake, Colorado/Wyoming, USA. Redaurum also has producing mines in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. and, through a joint venture, in Zimbabwe. CONTACT: Redaurum Limited Mr. Thomas Walden, 416/368-3553 or Redaurum Limited, London Mr. Anthony Hamilton Anthony Hamilton may refer to:
or Bankside Consultants Ltd., London Mr. Keith Irons, 44/171 220-7477 |
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