Canabrava applies for extension of warrant terms
   Canabrava Diamond Corp                                                                                 CNB  Shares issued 43,883,506                                                                 Dec 3 2001 close $.220  Tuesday Dec 4 2001                                                                          News Release  Mr. Rory Moore reports   Canabrava Diamond has made an application to the Canadian Venture Exchange to extend the term of the  company's Series A and Series B share purchase warrants for one additional year.   If accepted by the exchange, holders of the 2.5 million Series A share purchase warrants and 500,000  Series A agents' warrants will be entitled to purchase one common share at any time up to Dec. 27, 2002,  at a price of 50 cents per share and 40 cents per share respectively. In addition, holders of the 375,000  Series B share purchase warrants and 30,000 Series B agent's warrants will then be entitled to purchase  one common share at any time up to Dec. 29, 2002, at a price of 50 cents per share.   WARNING: The company relies upon litigation protection for "forward-looking" statements. |