9 February 2015
Toronto, Ontario, February 9, 2015 – Kennady Diamonds Inc. (“Kennady Diamonds,” the “Company”) (TSX-V: KDI) today announced that the Company is undertaking a non-brokered private placement (“Placement”) to raise approximately C$20M through the placement of a combination of common shares and flow-through common shares. The common shares to be issued under the Placement have been priced at C$3.55 per share and the flow-through common shares have been priced at C$5.00 per share. The Placement is expected to close on or about February 17, 2015, and is subject to regulatory approval.