TimelineInteresting snippets in the news release and also timing.
Today - Announce private placement offering - Basically half is subscribed and the other half is not.
Sept 30th - KDI is hosting an analyst and investor site visit via yellowknife.
Translation - If you are serious about investing in KDI, please come visit us and we will show you up close and personal what we have.
"Finally, Kennady Diamonds announced that the Kelvin bulk sample diamond parcel has been cleaned and sorted in Antwerp, Belgium, and WWW International Diamond Consultants (“WWW”) are conducting an independent valuation of the Kelvin diamonds, as well as developing size frequency distribution and revenue models. The results are expected to be released by October 2015."
Translation - Let's see if we can get subscribed commitment to the offering on the eve of the results.
"Kennady Diamonds also announced that the Company has commenced an initiative to expand its Board of Directors to reflect the advancing nature of the Company’s business. This initiative is expected to be completed within the next six months."
Translation - If you are really, really serious about participating in the current offering with hard core cash and enough of it...we may just give you a seat on the board of directors, a representation for your investment.
My take anyway....especially the last one.
EKIM