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Message: Strike Diamond Corp. Closes Financing
Vancouver, BC (FSCwire) - Strike Diamond Corp. (TSX VENTURE:SRK)("Strike Diamond" or "the Corporation") is pleased to announce that it has closed its previously announced financing by way of the issuance of 1,000,000 common share units (the "Common Share Units") for gross proceeds of $50,000 (the "Private Placement").
Each Common Share Unit under the Private Placement was issued at a price of $0.05 per Common Share Unit and consisted of one common share and one common share warrant. Each warrant entitles the holder to purchase one additional common share of Strike Diamond at an exercise price of $0.05 per common share for a five year period following closing of the Private Placement.
Shares issued pursuant to the Private Placement are subject to a four-month hold period under applicable securities laws in Canada.
The Private Placement was originally announced by news release dated October 13, 2015.
Following the Private Placement, there are a total of 31,484,361 common shares outstanding.
Strike Diamond paid finder's fees on certain subscriptions within the Private Placement equal to 6%.
About Strike Diamond Corporation
Strike Diamond Corporation (TSXV:SRK) is the Operator of an 80% interest in the Sask Craton Project, which represents the largest publicly-traded mineral tenure position in the Pikoo diamond camp. In addition, Strike Diamond holds a 100% interest in a large-scale mineral tenure position in the Garland nickel-cobalt-PGM exploration camp located in Labrador. For more information about Strike Diamond Corp., visit www.StrikeDiamond.com.
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Chief Financial Officer
To view this press release as a PDF file, click onto the following link:
Source: Strike Diamond Corp. (TSX Venture:SRK) http://www.strikediamond.com/
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