Rockwll completes brokered private placement with the Johannesburg Stock Exchange Listing
by Jo Black
Rockwell Diamonds Inc. has completed the brokered private placement and has issued a total of 24,010,285 common shares at a price of Cdn0.60 per share for total proceeds of Cdn CAD14,460,771 concurrently with listing of Rockwell shares on the Johannesburg Stock Exchange.
The company issued 500,000 common shares and paid a cash fee of Cad300,000 to Allan Hochreiter of Hyde Park, Johannesburg, South Africa as finder’s fees in connection with the private placement. All shares issued pursuant to the private placement are subject to a hold period expiring on March 31, 2008.
Proceeds from the financing will be used to fund Rockwell’s diamond operations and new project evaluation and development.
Story link: Rockwll completes brokered private placement with the Johannesburg Stock Exchange Listing
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