Adia Resources Sept 24, '18 Lynx Diamond Project transfer from Altius Minerals (ALS-T) web.tmxmoney.com
Adia is currently undertaking a $2,000,000 private placement at a deemed price of $0.50 per share which has been fully subscribed by third party investors, including several diamond exploration sector leaders. In addition, Adia has entered into an Equity Participation and Support Agreement with De Beers Canada Inc. (“De Beers”). Under this agreement De Beers has committed to contribute $1,500,000 (at a deemed price of $0.50 per share) in in-kind services and support to Adia in the form of third party and proprietary airborne and heliborne geophysical surveys, microdiamond analysis (MiDA), grade estimation/diamond characterization and other specialist services. De Beers shall have, among other rights, a pro rata participation right in future equity financings. Subsequent to the private placement and the full provision of in-kind services from De Beers, Adia will be owned >50% by Altius and approximately 15.4% by De Beers. |
