KAISER' PICKS AND FAX ALERTS, ***(JOHN KAISER) Message Board

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Gold/Mining/Energy : KAISER' PICKS AND FAX ALERTS, ***(JOHN KAISER)

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To: David Raine who wrote (144)	7/27/1998 6:22:00 PM
From: David Raine	Read Replies (1) of 311

*Diagem's $500,000 financing* Diagem International Resource Corp Shares issued 32,036,102 1998-07-24 close $0.15 Monday Jul 27 1998 Mr. David Cohen reports The company has negotiated a private placement of 2,777,778 units at 18 cents for total proceeds of $500,000. Each unit will be comprised of one common share and a half warrant. One full warrant will entitle the holder to purchase an additional share for two years at 25 cents in the first year and 30 cents in the second year. The funds raised will be used for further exploration on the company's mineral properties in Brazil and for general working capital purposes. The company began its drill program on the Chapada property, Juina District, Mato Grosso State, Brazil on July 10, 1998. The program consists of drilling a total of 14 priority targets, selected from 41 prospective anomalies identified from the geophysical surveys completed earlier this year. This initial drilling phase will be completed within two months and is designed to locate economically viable diamond deposits within this highly prospective area. diagem.com

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