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Gold/Mining/Energy : DIADEM RESOURCES - DIR,M -- Ignore unavailable to you. Want to Upgrade?


To: Jim Buckley who wrote (836)3/26/1998 7:35:00 PM
From: Dave Tan  Respond to of 897
 
More dilution. $500K financing completed in the form of a convertible debenture paying 9.75%, and convertible at any time to shares at the average price over 10 days. Also included in this deal is 900K+ warrants at $0.53. If DIR goes to where I think it is going, this person is going to make a lot of money. I wish they offered this deal in the form of a rights offering to shareholders.



To: Jim Buckley who wrote (836)4/7/1998 12:09:00 AM
From: CIMA  Read Replies (1) | Respond to of 897
 
HOPE ON THE HORIZON!

Looks like they are going for cashflow as a top priority and concentrating on getting Waseco's Tewah project into production. It is the most advanced of all the properties in the Waseco/Diadem stable.

See the Waseco thread for details.