Diamond News: Mining and Financing: Diamond miner Grizzly Diamonds Ltd. (TSX VENTURE:GZD) (FRANKFURT:G6H) has closed a non-brokered private placement of an aggregate of 1,033,000 units at a price of $0.40 per Unit and an aggregate of 912,499 flow-through units at a price of $0.45 per FT Unit for gross proceeds of $823,825.
The proceeds from the sale of the FT Shares will be used to incur expenditures which qualify as Canadian Exploration Expenses on the Corporation’s precious metals properties in British Columbia.
Grizzly is an aggressive Canadian exploration company focused on exploring for world class gold and base metal deposits in British Columbia and diamonds and industrial minerals in Alberta. In British Columbia, Grizzly currently has five precious-base metal properties totaling over 210,000 acres. It currently holds more than 1 million acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta. Grizzly also holds metallic and industrial mineral permits for potash totaling more than 1.4 million acres along the Saskatchewan-Alberta border.
Related posts:
- Grizzly Discoveries Inc. Announces Brokered Private Placement Of Up To $7.5 Million
- Dianor Raises $430,750 for Exploration on Properties in Quebec and Ontario
- Mountain Province Diamonds Raises C$9 Million for Gahcho Kue Feasibility Study and General Working Capital Purposes
- Firestone Diamonds Raises £7.2 Million
- Chalice Diamond Raising Funds for Ontario Projects
