Hello Buddy!!!
Here the answer to your question I believe.......
March 19, 1997
PRIVATE PLACEMENT OF 802,931 SHARES OF GLOBAL DIAMOND RESOURCES, INC.,
COMMON STOCK.
LA JOLLA, Calif. - Global Diamond Resources, Inc., ("Global") is pleased to announce that it has
entered into an agreement with Windsor International Bank ("Windsor"), Excel International
Investment Corp., ("Investments"), Diomondmark Investments Limited, ("Diomond") and Excel
Funding Inc., ("Excel"), in terms of which Windsor will subscribe for 200,000 shares of Global
common stock at $1.60 per share; Investments will subscribe for 112,500 shares of Global common
stock at $1.60 per share; Diomond will subscribe for 263,158 shares of Global common stock at
$1.90 per share and Excel will subscribe for 227,273 shares of Global common stock at $2.20 per
share, in terms of Regulation S of the Securities and Exchange Act of 1934 as amended. It is
anticipated that this offering will close by March 31, 1997.
Global is a diamond exploration and mining company with two alluvial and one kimberlite properties
in South Africa. The funds to be raised in terms of the release will be used to place the Caerwinning
property into production.
P. S. Global seems to be on the up and up. and will certainly add
expertise and skills to KRT's ventures.
2 P.S. !!!!!!!!!!!Global's stock price closed on the
NASDAQ BB @ 9/16ths Friday. What a BARGAIN!!!!!! |
