Kennady Diamonds Closes C$5 Million Private Placement

Kennady Diamonds (TSXV:KDI) has closed its previously announced non-brokered private placement for gross proceeds of C$5,001750.

As quoted in the press release:

The Company has issued 769,500 common shares at a price of $6.50 per share. The shares are subject to a four month hold period, expiring on February 2, 2015. Proceeds of the private placement will be used primarily for the Company’s 2014 fall/winter exploration program at the Kennady North project and for general working capital.

Click here to read the Kennady Diamonds (TSXV:KDI) press release