ALPHA DIAMOND CORPORATION Announces Letter of Intent.TORONTO, Ontario--(BUSINESS WIRE)--March 27, 1998--ALPHA DIAMOND CORPORATION (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ALDM ALDM Augmented Lagrangian Decomposition Method ), a Nevada Company, announced today that it has signed a letter of intent with "Angola Diamond Corporation" to acquire a control block equity interest in several Diamond Mining Concessions in Angola and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . A Comprehensive Geology report has been completed for the properties by DeBeers Geology Department, with a review by Coopers & Lybrand of Johannesburg, S.A. When asked to comment, Mr. Richard Brodzik, President indicated, "We are extremely excited with this acquisition and the Strategic Alliance it brings to the Company. We are taking an aggressive approach to expanding our mineral concessions in Africa; this agreement, once consummated, would put us on course for that mandate." This press release includes statements which may constitute forward looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Factors which would cause or contribute to such differences include, but are not limited to factors detailed in the Company's Securities and Exchange Commission filings. For further information contact investor relations Investor relations The process by which the corporation communicates with its investors. at 1-888-207-9476 Visit our Web Site soon at www.africandiamonds.com CONTACT: Investor Relations 1-888-207-9476 |
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