A private placement will enable
Four million units will be issued at 50 apiece. A unit consists of one share and half a warrant, with each full warrant entitling the holder to an additional share at 75 within one year of the deal’s closing.
Haywood Sercurities is acting as the agent in the transaction; in return, it will receive 7.5% of the gross proceeds, as well as broker warrants equal to 10% of the units sold and exercisable at 50 over one year.
Canabrava holds several diamond properties in Brazil and Canada, though some are being optioned by other companies. For instance,
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