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Non-Tech : Brazilian Diamonds Ltd (BDY.TO) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Kohler who wrote (2)	4/3/2004 10:42:02 PM
From: Dale Kohler	Respond to of 14

Brazilian Diamonds Announces Quarterly Results Tuesday March 2, 12:56 pm ET VANCOUVER, March 1 /CNW/ - Brazilian Diamonds Limited has filed its third quarter report on SEDAR and the significant financial information for the quarter ending December 31, 2003 is as follows: The loss for the quarter ended December 31, 2003 was $413,000 as compared to a loss of $178,000 for the three month period ended December 31, 2002. General, administration and investor relation expenses of $403,000 were $230,000 higher than the same period in 2002, largely due to costs associated with the listing on the London Alternative Market (AIM). Interest income and foreign exchange losses added to the loss by $7,000 in the quarter whereas the previous period in 2002 showed a foreign exchange loss and interest expense of only $2,000. Cash and cash equivalent balances increased by $2,217,000 to $5,426,000 at December 31, 2003 which was the result of a private placement arranged in connection with the listing on AIM. The cash spending on mineral properties was $546,000 for the quarter being $404,000 higher than the same period in 2002. Offsetting these expenditures during the period were issues of common shares for a private placement and exercise of warrants and options, which generated proceeds of $4,698,000. The working capital increase, largely arising from the private placement was $2,348,000 at December 31, 2003 versus a working capital deficit of $1,140,000 at March 31, 2003.