July 6 (Reuters) - Black Diamond Group Ltd BDI.TO :
* Black diamond group ltd says net proceeds of offering are
expected to be used to partially repay outstanding indebtedness
* Black diamond group limited announces $22.5 million bought
deal offering with insider participation of $2.0 million
* To sell 4.5 million common shares on a bought deal basis
at a price of $5.05 per share
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