Tahera eyes $2 million

Vancouver — Diamond explorer Tahera (TAH-T) is attempting to sell up to 11.1 million units priced at 18 each.

Dundee Securities will act as the agent on a best-effort basis. Each unit consists of one flow-through share and one warrant exercisable at 25 for a two-year period.

As the agent, Dundee will receive a number of shares equal to 5% of the total units sold.

Tahera recently added $3.25 million to its treasury, following the completion of a three-staged financing with Edensor Nominees Ltd. The Australian-based company is a trustee for the Joseph Gutnick family trust.

Edensor now owns 104 million shares in the junior, representing approximately 35% of the issued and outstanding shares.

Tahera is exploring the Jericho properties, some 420 km northeast of Yellowknife, N.W.T., and 170 km northeast of the Ekati diamond mine. The company is seeking regulatory approvals for the project and hopes to be in commercial production by 2003.

Print


 

Republish this article

Be the first to comment on "Tahera eyes $2 million"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close