Blue Ice finances diamond interest

Junior Blue Ice Minerals (BLE-V) IS Seeking to Raise $300,000 in a Private Placement of 2 Million Shares priced at 25 each. The placement is scheduled to close March 31.

Proceeds will be used to buy an additional 12.5% interest in a South African alluvial diamond deposit. The purchase will boost its interest to 50%.

Currently, Blue Ice has 15 million shares outstanding.