Key points
- The company filed a preliminary prospectus with the Ontario Securities Commission and the BC Securities Commission.
- A registration statement was also filed with the US Securities and Exchange Commission under the multi-jurisdictional disclosure system, but it has not yet become effective.
- The company is engaged in marine diamond exploration off the coast of Namibia and South Africa, and net proceeds will finance existing and planned operations.
- Nomura Canada Inc and Yorkton Securities will underwrite the offering in Canada, while Nomura International plc will act as lead underwriter for the US and international offering.
The company has filed a preliminary prospectus with the
Ontario Securities Commission and the BC Securities Commission, and a registration statement with the US Securities and Exchange Commission under the multi-jurisdictional disclosure system adopted by the US, covering a proposed public offering by the company of its common shares.
The company is primarily engaged in marine diamond exploration with a
view to the development and operation of one or more mines off the coast of Namibia and South Africa. It is currently anticipated that the net proceeds from the sale of common shares will be used to finance
existing and planned operations.
Nomura Canada Inc and Yorkton Securities will act as underwriters
for the offering in Canada, and Nomura International plc will act as lead
underwriter for the US and international offering.
A registration statement relating to these securities has been filed with
the US Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective.
