REVERSE SPLIT..: ....Braz Diamond Mining, Inc. Consolidation of Stock - 6/28/2005 9:03:40 AM
CALGARY, ALBERTA, Jun 28, 2005 (CCNMatthews via COMTEX) -- Braz Diamond Mining, Inc., (PINK SHEETS:BZDM) ("Braz") announced today that the issued stock has been consolidated at a ratio of 1 for 20. The Consolidation will be effective as of June 28, 2005.
"The Consolidation will allow the Company to be more competitive in the Investment market and will allow the Company access to financial arrangements not available to it under the previous structure," said Christopher A. Hemstock, CEO and President of Braz Diamond Mining, Inc.
Braz Diamond Mining, a junior diamond exploration and mining company, together with its subsidiary, Braz Mining do Brazil, Ltds. Holds ownership interest in various mineral properties in the country of the Brazil, including a favorable diamond exploration project in the state of Piaui. Exploration and development work to date has confirmed the existence of high-grade alluvial diamond deposits and the existence of several kimberlites. The Company plans to implement a detailed geotechnical program to identify the sources and productivity of the alluvial deposits.
Cervelle Group
David Donlin
(407) 475-9966
www.brazdiamond.com
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