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Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Daze who wrote (2354)	3/22/2002 9:57:21 AM
From: 1st.mate	Read Replies (1) \| Respond to of 2402

Canabrava Diamond Corporation: Application Made to Extend Term of Warrants VANCOUVER, British Columbia--(BUSINESS WIRE)--March 22, 2002-- Canabrava Diamond Corporation (CDNX:CNB - news) announced today that it has made application to the Canadian Venture Exchange to extend the term of the Company's Series E Share Purchase Warrants for two additional years. If accepted by the Exchange, the holder of the 500,000 Series E Share Purchase Warrants will be entitled to purchase one common share at any time up to April 8, 2004 at a price of $2.25 per share. Southwestern Resources Corp. (SWG-T), which owns 38.91% of the issued and outstanding capital of Canabrava, is the sole holder of the Series E Share Purchase Warrants. Canabrava Diamond Corporation is actively exploring for diamonds in Brazil and Canada both independently and through major joint ventures with Kennecott Canada Exploration Inc., Majescor Resources Inc., Navigator Exploration Corp., and Paramount Ventures and Finance Inc. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. --------------------------------------------------------------------------------