SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canabrava Diamond
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robin Peterson who started this subject12/10/2001 4:11:11 PM
From: Flea  Read Replies (1) of 2402
 
Canabrava Diamond to raise $1.3-million privately

Canabrava Diamond Corp
CNB
Shares issued 43,883,506
Dec 7 2001 close $.250
Monday Dec 10 2001
News Release
Mr. George Plewes reports
Canabrava Diamond Corporation proposes to raise up to $1.3-million by way of private placement.
Subscribers may elect to purchase flow-through common shares at 25 cents per share or purchase
non-flow-through units at 25 cents per unit.
Each unit will consist of one non-flow-through common share and one-half of a non-flow-through
common share purchase warrant. Each whole share purchase warrant will entitle the holder to buy one
non-flow-through common share for 30 cents within 12 months after closing. Depending on the number
of shares and units subscribed for, up to 5.2 million common shares and 2.6 million share purchase
warrants may be issued by the company.
Haywood Securities Inc. will act as agent for the financing and be paid a commission of 7.5 per cent of
gross proceeds from the sale of the shares and units and receive broker warrants equal to 10 per cent of
the total number of shares and units sold. Each broker warrant will entitle the holder to purchase one
non-flow-through common share at a price of 30 cents within 12 months after closing.
Gross proceeds of up to $1.3-million will be released to Canabrava on closing, which is subject to
regulatory approval. Net proceeds from the sale of the private placement will be used for continuing
exploration and development programs in Canada and Brazil, subject to flow-through funding
expenditure requirements.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News