TORONTO, May 12 /CNW/ - Ocanom Securities Limited ("Ocanom") announces that it has purchased units ("Units") of BRC DiamondCore Ltd. (the "Company") pursuant to a non-brokered private placement financing (the "Financing") closed yesterday by the Company. Reference is made to the Company's
press release issued yesterday announcing the closing of the Financing,
pursuant to which a total of 7,500,000 Units were issued by the Company
at a price of Cdn$0.08 per Unit. Each Unit consists of one common share
of the Company and one warrant of the Company (a "Warrant"), each Warrant entitling the holder to purchase one common share of
the Company at a price of Cdn$0.11 for a period of three years.
Ocanom purchased 3,400,000 of the Units. Ocanom purchased such Units for
investment purposes and may in the future increase or decrease its
ownership of securities of the Company from time to time depending upon
the business and prospects of the Company and future market conditions.
Based on public filings, Ocanom understands that, taking into account
the completion of the Financing, the Company now has outstanding
96,908,640 common shares. The 3,400,000 common shares comprising part
of the 3,400,000 Units purchased by Ocanom represent 3.51% of such
Ocanom now owns a total of 7,400,000 common shares of the Company
representing 7.64% of the outstanding common shares of the
Company. Ocanom also holds warrants to purchase a total of 7,400,000
common shares of the Company (including the 3,400,000 Warrants acquired
pursuant to the Financing).
Ocanom's address is 17 Avenue de la Costa, B.P. 167, MC98003,
Monaco. This press release is being issued pursuant to the "early
warning" rules of Canadian securities laws. A copy of the "early
warning" report to be filed on SEDAR by Ocanom under the said rules may
be obtained from Ocanom at the phone number below.
SOURCE Ocanom Securities Limited
For further information:
Ocanom Securities Limited
Phone: +377 97 97 82 00
Fax: +377 97 97 82 01