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Bullboard - Stock Discussion Forum Diaz Resources Ltd V.DZR

TSXV:DZR - Post Discussion

Diaz Resources Ltd > From energydigger.com
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Post by anticline on May 16, 2011 1:09pm

From energydigger.com


Fri, 13 May 2011 13:00:00 CDT

Daily Oil Bulletin
Further to its May 2, 2011 press release, wherein Diaz Resources Ltd. stated that it is actively pursuing the monetization of its Shaunavon interests in southwest Saskatchewan, Diaz advises that it will be accepting cash bids to acquire these properties until 12:00 noon on May 18, 2011.
Looks like they are serious about raising cash.  
Comment by betsup on May 16, 2011 1:30pm
$8 million less $1 million to HMB and $2 million to the bank and interest expense just went up $840k and slick move renegotiating the previous convertible debenture to a 33.5 cents conversion rate and then slimming their own pockets with a 7 1/2 cent conversion. Get a good grip on your soap when you are in the DZR shower. Great idea sell 200 bbl per well land and exploit the 25 bbl per well ...more  
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