news
2009

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 July 08, 2010
Diamonds North Closes Tranche 1 of Financing

 VANCOUVER, July 8, 2010 - Diamonds North Resources Ltd. (TSX-V: DDN) reports that a portion of the non-brokered private placement announced on June 15, 2010 has closed for gross proceeds of $882,000. The Company has issued 4,410,000 flow-through common shares and paid finders fees of $31,570 cash and 157,850 finders warrants. The finders warrants are exercisable at $0.25 until July 7, 2011.

All the securities issued hereunder are subject to a four month hold period and may not be traded until November 8, 2010.

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.
 
 

You can view the Next News Releases 2009 item: Tue Jul 13, 2010, Diamonds North Begins Work At Amaruk

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