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Aug 17, 2010: Diamonds North Increases Extent Of HI-2 Iron Formation Over 800% more...
Aug 12, 2010: Diamonds North Beluga-3 Bulk Sample Progress more...
Jul 22, 2010: Diamonds North Closes Final Tranche Of Financing more...
Jul 22, 2010: Diamonds North Extends HI-1 Along Strike And Identifies Abundance Of Gossan Zones At HI-2 more...
Jul 16, 2010: Diamonds North Begins Halkett Inlet Gold Program more...
Jul 14, 2010: Diamonds North Closes Tranche 2 Of Financing more...
Jul 13, 2010: Diamonds North Begins Work At Amaruk more...
Jul 08, 2010: Diamonds North Closes Tranche 1 of Financing more...
Jul 05, 2010: Diamonds North Increases Flow-Through Financing more...
Jun 15, 2010: Diamonds North Announces Flow-Through Financing more...
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| | June 15, 2010
Diamonds North Announces Flow-Through Financing
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Not for dissemination in the United States or through U.S. newswires
VANCOUVER, June 15, 2010 -- Diamonds North Resources Ltd. (TSX-V: DDN) announces that it intends to complete a non-brokered private placement to raise up to $1,000,000 through the sale of flow-through shares. The flow-through shares will comprise up to 5,000,000 shares at $0.20 per share (the "Offering"). The placement is to finance the Company's diamond and gold programs on the 100% owned Amaruk property in Nunavut.
Finders Warrants may be payable on a portion of the placement. The Finders Warrants will entitle the holder to purchase that number of non flow-through common shares which is equal to 7% of the number of Flow-Through Shares sold by the Finders. The Finders Warrants will expire twelve months after the closing of the Offering. The exercise price for the Finders Warrants will be $0.25 per common share.
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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. |
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| | You can view the Next News Releases 2009 item: Mon Jul 5, 2010, Diamonds North Increases Flow-Through Financing
You can view the Previous News Releases 2009 item: Tue May 11, 2010, Diamonds North Completes Land Acquisition at Amaruk and Defines Two Gold Bearing Districts
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