Diamond Fields Closes $200,000 Financing, Advises of Change of Listing Status, and Confirms Certain Securities to be Held in ... Date : 05/16/2013 @ 5:28PM Source : PR Newswire (Canada) Stock : Diamond Field IN J (DFI) Quote : 0.03 0.0 (0.00%) @ 2:05AM Diamond Fields Closes $200,000 Financing, Advises of Change of Listing Status, and Confirms Certain Securities to be Held in ... Print Alert Diamond Fields (TSX:DFI) Historical Stock Chart 2 Months : From May 2013 to Jul 2013
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VANCOUVER, May 16, 2013 /CNW/ - Diamond Fields International Ltd. (DFI:TSX) wishes to announce the following.
Cdn$200,000 Private Placement Closed
The Company has closed the private placement announced in a News Release dated May 13, 2013. On May 14, 2013 the Company received conditional acceptance from the TSX Venture Exchange (the "TSX-V") to close the private placement. Accordingly, on May 15, 2013, the Company issued a total of 8,000,000 Units at $0.025 per Unit, each Unit consisting of one common share and one share purchase warrant, each warrant entitling the holder to purchase one additional common share at $0.05 on or before May 14, 2014, and thereafter at $0.10 per share on or before May 14, 2016.
These shares, including any shares issued on exercise of the warrants will be subject to a hold period under applicable Canadian securities laws expiring on September 15, 2013, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.
Change of Listing Status
The TSX-V has confirmed that effective at market open on Tuesday, May 21, 2013 (the "Listing Date"), the Company will commence trading as a Tier 2 Issuer on the TSX-V. This provides a streamlined continuance of trading for the Company's stock.
As previously announced, the Company's shares will be delisted from trading on the Toronto Stock Exchange at the close of business on Friday, May 17, 2013.
SJO
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