Strike Diamond Corp. Announces $500,000 Financing
![Strike Diamond Corp. Announces $500,000 Financing](https://www.minenportal.de/media/goldseiten-news.jpg)
Each Flow-Through Unit under the Private Placement will consist of one flow-through common share and one half-warrant. Each whole warrant will entitle the holder to purchase one additional non-flow-through common share of Strike Diamond at an exercise price of $0.10 per common share during the period that is 12 months from the closing date.
Each Common Share Unit under the Private Placement will consist of one common share and one full warrant. Each warrant will entitle the holder to purchase one additional common share of Strike Diamond at an exercise price of $0.10 per common share during the period that is 12 months from the closing date.
The Corporation advises that insiders of Strike Diamond may participate for greater than 25% of the Private Placement.
Shares issued pursuant to the Private Placement will be subject to a four-month hold period under applicable securities laws in Canada.
Strike Diamond may pay finder's fees on certain subscriptions within the Private Placement equal to 6%.
The Corporation expects to use the flow-through proceeds of the Private Placement for the exploration and advancement of its Sask Craton Property during the summer of 2015 and the non-flow-through proceeds for general and working capital purposes.
About Strike Diamond Corporation
Strike Diamond Corporation is the operator of an 80% interest in the Sask Craton Property which represents one of the largest publicly-traded mineral tenure positions in the emerging Pikoo diamond exploration district. For more information visit www.StrikeDiamond.com.
Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Strike Diamond Corporation
Ryan Kalt, Chief Executive Officer
1-403-410-3817
info@strikediamond.com
www.StrikeDiamond.com