Blackburn Ventures lists on the TSX-V
2008-03-28 16:42 ET - New Listing
Blackburn Ventures Corp.'s capital pool company prospectus dated Feb. 20, 2008, has been filed with and accepted by the TSX Venture Exchange and the British Columbia and Alberta securities commissions effective Feb. 20, 2008, pursuant to the provisions of the British Columbia and Alberta securities acts. The common shares of the company will be listed on the TSX Venture Exchange on the effective date stated below.
The company has completed its initial distribution of securities to the public. The gross proceeds received by the company for the offering were $200,000 (two million common shares at 10 cents per share).
Commence date: At the opening Monday, March 31, 2008, the common shares will commence trading on the TSX-V.
Corporate jurisdiction: British Columbia
Capitalization: unlimited common shares with no par value of which four million common shares are issued and outstanding
Escrowed shares: two million
Transfer agent: Olympia Trust Company
Symbol: BBV.P
Cusip No.: 09227V 10 9
Sponsoring member: Northern Securities Inc.
Agent's options: 200,000 non-transferable stock options; one option to purchase one share at 10 cents per share up to 24 months
For further information, please refer to the company's prospectus dated Feb. 20, 2008.
Dianor Resources closes $4.59-million first tranche
2008-03-28 13:15 ET - News Release
Mr. John Ryder reports
DIANOR RESOURCES COMPLETES $4.59 MILLION PRIVATE PLACEMENT WITH NORTHERN SECURITIES
Dianor Resources Inc. has held a first closing of its previously announced private placement with Northern Securities Inc. by placing 6,820,571 units at a price of 35 cents per unit and 5,512,000 flow-through common shares at a price of 40 cents per share, for total gross proceeds to Dianor of $4.59-million. Additional closings of the private placement may be held in April, 2008.
Each of the 6,820,571 units consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of Dianor at a price of 45 cents for 24 months.
Dianor will use the proceeds from the placement of the flow-through shares to incur Canadian exploration expenses on its Leadbetter diamond project, located northeast of Wawa, Ont., as well as on certain of its Quebec-based exploration properties. Dianor will use the net proceeds from the placement of the units for additional work on the Leadbetter diamond project, for work on other existing properties and for working capital.
The private placement was effected through a syndicate group led by Northern Securities Inc. and including Desjardins Securities Inc. In connection with the placement, Dianor paid a cash commission equal to 7 per cent of the gross proceeds from the private placement and issued compensation options to the agents, entitling them to purchase at a price of 35 cents per share for 12 months, a maximum of 739,954 additional common shares, representing 6 per cent of the number of shares sold in the private placement. Each compensation option is exercisable for one common share and one common share purchase warrant. Each warrant comprised in the compensation option entitles the holder thereof to purchase one additional common share of Dianor at a price of 45 cents for 24 months.
All of the foregoing securities, including those issued to the agents, are subject to a hold period expiring on July 28, 2008.
Following the private placement, there are a total of 152,257,515 common shares of Dianor issued and outstanding.