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.
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.
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