Strike Diamond Corp. Announces $1M Financing
VANCOUVER, BRITISH COLUMBIA - (January 27, 2015) – Strike Diamond Corp. (TSX VENTURE:SRK)("Strike Diamond" or “the Corporation”) is pleased to announce that it intends to conduct a non‐brokered private placement (the "Private Placement") of up to 16,666,667 Units (the "Units") at a price of $0.06 per Common Share to raise gross proceeds of up to $1,000,000. Each Unit will consist of one common share and one common share purchase warrant to purchase one additional common share at a price of $0.10 for a period of twelve months from the date of closing of the Private Placement (the “Closing”).
The Corporation anticipates using the net proceeds of the Private Placement for exploration of its Pikoo diamond camp properties, being the Sask Craton and Sask Craton North properties, and for general corporate purposes.
Strike Diamond may pay finder's fees on certain subscriptions within the Private Placement equal to 7%.
About Strike Diamond Corporation
Strike Diamond Corporation operates the Sask Craton Property and the Sask Craton North Property, equating to approximately 1.34 million acres (542,000 hectares) in central‐Saskatchewan, which represents the largest mineral tenure position in the newly‐emerged Pikoo diamond exploration camp first established by the discovery of diamondiferous kimberlites on North Arrow Minerals Inc. and Stornoway Diamond Corp.'s Pikoo property. For more information visit www.StrikeDiamond.com.
Forward-Looking Statements
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.
Contact Information:
Ryan Kalt
Chief Executive Officer 1-604-602-0001 [email protected] www.StrikeDiamond.com