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viewLithoquest Diamonds Inc.

Lithoquest Diamonds announces extension to earlier announced placing

On February 20, the firm announced the financing to raise up to $250,000 priced at $0.03 a share to be used for general working capital

Lithoquest Diamonds Inc. -
The offering is not subject to a minimum amount and the maximum offering is 8,333,334 shares, the Western-Australia focused firm said on Monday in a statement

Lithoquest Diamonds Inc (CVE:LDI) has said it is extending a previously announced private placing, having received the go-ahead from the Toronto Venture Exchange.

On February 20, the firm announced the financing for up to $250,000 priced at $0.03 a share to be used for general working capital.

READ: Lithoquest Diamonds will raise $250,000 through non-brokered private placement

The offering is not subject to a minimum amount and the maximum offering is 8,333,334 shares, the Western-Australia focused firm said on Monday in a statement.

It added that the placing may be closed in one or more tranches as subscriptions are received, while the subscription amount is 50,000 shares for $1,500.

All securities issued will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

Lithoquest is a Canadian explorer focused on the discovery and development of economic mineral deposits in Western Australia.

Contact the author at [email protected]

Quick facts: Lithoquest Diamonds Inc.

Price: 0.035 CAD

TSX-V:LDI
Market: TSX-V
Market Cap: $2.25 m
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