Bullboard - Stock Discussion Forum KENNADY DIAMONDS INC V.KDI

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"Kennady Diamonds Inc. is a Canada-based diamond exploration company. It is engaged in the exploration, discovery, and development of diamond properties in Canada's Northwest Territories."

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KENNADY DIAMONDS INC > Valuations/financing

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Post by MrBigger on Oct 08, 2015 4:13pm

Valuations/financing

the chicken or the egg?? Both next week???

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Comment by Suntrader on Oct 08, 2015 4:50pm

Looks like its financing ! 4:39 PM EDT Kennady Diamonds Closes Final Tranche of $48 million Non-Brokered Private Placement -

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Comment by ekim on Oct 08, 2015 5:55pm

Sucks to be second. The shares are subject to a four month hold period, expiring on February 9, 2016. vs. The shares are subject to a four-month hold period expiring on Jan. 31, 2016. Subtle yet significant different between the two tranches. Not relevant now...but come during that time frame....better to get flexibility earlier. EKIM

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Comment by ekim on Oct 08, 2015 6:00pm

The Company paid cash finders' fees of $258,525 on a portion of the offering. Kudo's to KDI, that is one of the least expensive financing I've seen,. 0.5% overall fee/commission whatever you want to call it. All non-brokered...meaning funds went direct to KDI and shares were deposited into said accounts. On the books for about $6 million flow through. Maybe NAR should have cashed ...more

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