10 January 2014
Toronto, Ontario, December 27, 2013 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) today announced the closing of the previously announced non-brokered private placement of flow-through common shares (the “Placement”), for aggregate gross proceeds of $2,290,483.75. A finder’s fee equal to 5 percent of the proceeds has been paid to Dundee Securities Ltd.
The Company has issued 398,345 flow-through common shares at a price of $5.75. The shares are subject to a four month hold period, expiring April 28, 2014.