RapNet


Rapaport News

 

Financial-Legal

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Kennady Diamonds' Private Placement to Raise $16M

Feb 9, 2015 3:08 PM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Kennady Diamonds Inc. is undertaking a non-brokered private placement to raise approximately $16 million (CAD 20 million) through a combination of common shares and flow-through common shares. The common shares to be issued have been priced at $3.55 and the flow-through common shares have been priced at $5 per share. The placement is expected to close on or about February 17, 2015 and is subject to regulatory approval.

Bottin (International) Investment Ltd., Kennady's largest shareholder, expects to subscribe, according to the announcement. 

Proceeds from the placement will be used to fund Kennady's  winter exploration program and for general corporate purposes. The exploration program includes a 500 tonne to 700 tonne bulk sample from the Kelvin kimberlite, delineation drilling at the Kelvin and Faraday kimberlites, exploration drilling at the MZ and Doyle kimberlites as well as testing of a number of new exploration targets at the Kennady North project.


 

Tags: Canada, financing, Jeff Miller, Kennady Diamonds, mining
Similar Articles
ABN Amro branch Capelle aan den IJsselABN Amro Restricts Rough-Sector Lending
Jul 15, 2019
ABN Amro has scaled back its financing of rough-diamondpurchases, citing...
India Differentiates Synthetics Imports
India Hikes Import Tax on Precious Metals
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us