Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Gem International to raise C400,000, adjusts diamond deal on Dala

Tuesday, January 10, 2017 6:22
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Gem International Resources Inc (CVE:GI) has announced that is to raise C$400,000 through the sale of 8 mln units, with each unit consisting of one share and one warrant, with each warrant exercisable at C$0.15 over a 2 year period.

The financing comes as Gem renegotiates the terms of an existing arrangement with longstanding associate in Angola, Global Gems.

Global Gems owns a 45% interest in the Dala diamond project in the north east of the country.

Under proposals not yet agreed to, the scope of the Dala project may now be enlarged to include exploration and exploitation rights for six known kimberlite pipes. Gem would then acquire 88% of Global Gems for a series of staged payments, and would also commit to exploration expenditure of US$13 mln.

 

 

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/171405/gem-international-to-raise-c400000-adjusts-diamond-deal-on-dala-171405.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.