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Gold/Mining/Energy : Diamonds North Resources Ltd

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To: VAUGHN who wrote (181)8/6/2003 9:47:54 AM
From: kidl  Read Replies (1) of 334
 
Diamonds North arranges flow-through financing

Diamonds North Resources Ltd DDN
Shares issued 13,047,885 Aug 5 close $0.76
Tue 5 Aug 2003 News Release
Mr. Mark Kolebaba reports
Diamonds North Resources has arranged a non-brokered private placement of up to 3,125,000 flow-through shares at a price of 80 cents per share. Finders' fees of 6 per cent of the gross proceeds may be payable in cash and finders' options may be issued on a portion of this placement. The securities will be subject to a hold period of four months from the closing date. The proceeds shall be used for the continuing development of the company's projects in Canada.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com

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