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Re: News Release - Monday, July 05, 2010
Diamonds North Increases Flow-Through Financing
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VANCOUVER, July 5, 2010 - Diamonds North Resources Ltd. (TSX-V: DDN)
reports the private placement announced on June 15, 2010 has increased.
The Company intends to complete a non-brokered private placement to
raise up to $1,600,000 through the sale of flow-through shares. The
flow-through shares will comprise up to 8,000,000 shares at $0.20 per
share (the "Offering"). The placement is to finance the Company's
exploration programs.
Finder's fees of 7% of the flow-through shares sold may be payable in
cash or shares on a portion of the financing to finders who assist in
the placement, as permitted under applicable securities laws.
This private placement is subject to regulatory approval.
About Diamonds North
Diamonds North Resources is rapidly evolving and committed to building
long-term value for shareholders through ongoing discoveries and
leveraging business opportunities from our vast land holding.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba
President & CEO
For additional information please contact:
Troy Shultz
Corporate Communications
Diamonds North Resources Ltd.
Telephone: (604) 689-2010
Facsimile: (604) 484-7143
Email: info@diamondsnorth.com
Website: www.diamondsnorth.com
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Copyright (c) 2010 DIAMONDS NORTH RESOURCES LTD. (DDN) All rights
reserved. For more information visit our website at
http://www.diamondsnorth.com/ or send mailto:info@diamondsnorth.com
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Diamonds North Resources Ltd
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EXPLORATION STAGE |
CODE : DDN.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Diamonds North is a diamonds exploration company based in Canada. Diamonds North holds various exploration projects in Canada. Its main exploration properties are SIKU, BANKS ISLAND, UALLIQ and VICTORIA ISLAND in Canada. Diamonds North is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.9 millions as of today (US$ 1.8 millions, € 1.4 millions). Its stock quote reached its highest recent level on January 11, 2008 at CA$ 2.07, and its lowest recent point on February 15, 2013 at CA$ 0.02. Diamonds North has 94 682 000 shares outstanding. |