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Enter Symbol
or Name
USA
CA



Kennady Diamonds Inc
Symbol KDI
Shares Issued 34,875,865
Close 2015-10-08 C$ 3.10
Market Cap C$ 108,115,182
Recent Sedar Documents

Kennady shareholder Desmond acquires 4.5 million shares

2015-10-09 11:31 ET - News Release

Mr. Dermot Desmond reports

MR. DERMOT DESMOND ANNOUNCES FURTHER INVESTMENT IN KENNADY DIAMONDS INC.

Dermot Desmond of Residence Le Mont Blanc, Crans-Montana, Switzerland, acquired 4.5 million common shares of Kennady Diamonds Inc. on Oct. 8, 2015, in a private placement, at a price of $2.75 per share for aggregate consideration of $12,375,000.

The shares have been acquired for investment purposes.

Immediately before completion of the private placement, Mr. Desmond and Bottin (International) Investments Ltd. together held 7,030,683 shares of Kennady, representing 23.6 per cent of the 29,809,857 issued and outstanding common shares of Kennady. Following the private placement, Mr. Desmond and Bottin together hold 11,530,683 common shares of Kennady, representing 24.6 per cent of the 46,906,970 issued and outstanding common shares of Kennady.

Bottin is a private company based in Gibraltar. Mr. Desmond is the ultimate beneficial owner of Bottin.

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