Owner
Post by Franko10 ™ on Sept 16, 2004 8:30:03 GMT -5
Diagem International Resources Corp. (the “Company” or “Diagem”) is pleased to announce that the private placement mentioned in the Company's news release of June 19, 2002 has closed today, subject to final acceptance by the Exchange.
A total of 6,000,000 units at a revised price of $0.25 per unit have been sold for gross proceeds of $1,500,000. Each unit consists of one common share and one warrant exercisable for two years at the price of $0.35 per share. The common shares and the warrants distributed under the private placement cannot trade on or through the Exchange or otherwise in Canada until November 19, 2002.
The units were sold through Loewen, Ondaatje, McCutcheon Limited, acting as agent, whose compensation included 420,000 options, each exercisable for two years for one unit.
For and on behalf of:
DIAGEM International Resource Corp.
"David Cohen"
President
A total of 6,000,000 units at a revised price of $0.25 per unit have been sold for gross proceeds of $1,500,000. Each unit consists of one common share and one warrant exercisable for two years at the price of $0.35 per share. The common shares and the warrants distributed under the private placement cannot trade on or through the Exchange or otherwise in Canada until November 19, 2002.
The units were sold through Loewen, Ondaatje, McCutcheon Limited, acting as agent, whose compensation included 420,000 options, each exercisable for two years for one unit.
For and on behalf of:
DIAGEM International Resource Corp.
"David Cohen"
President
