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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (23)	7/12/2002 7:18:20 AM
From: Famularo	Read Replies (1) \| Respond to of 16205

GL Diamond closes $960,000 financing GGL Diamond Corp GGL Shares issued 43,722,510 Jul 10 close $0.19 Thu 11 Jul 2002 News Release Mr. Raymond Hrkac reports GGL ANNOUNCES COMPLETION OF PRIVATE PLACEMENT FINANCING GGL Diamond has closed the private placement announced in Stockwatch news on May 16, 2002, and has raised gross proceeds of $956,875. The private placement was completed in three tranches and consisted of a total of 6,475,000 units at 12.5 cents per unit and 983,333 flow-through shares at 15 cents per share. The securities have four-month hold periods ending on Oct. 1, Oct. 25 and Nov. 12, 2002. Each unit consisted of one common share and one common share purchase warrant. One warrant entitles the holder to purchase one common share exercisable for a term of 24 months following closing at 20 cents per share. The subscription proceeds from the financing will be used for the company's mineral exploration projects and for working capital.