China Diamond Corp. Closes $763,230 Private Placement.LONDON London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. -- China Diamond Corp. (TSX-V: CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation ) wishes to announce that it has closed its private placement of 6,938,460 units at $0.11 per unit for total proceeds of $763,230. Each unit is comprised of one common share and one share purchase warrant exercisable for a period of one year at $0.15 per warrant. The private placement was first announced on July July: see month. 21, 2004 as a private placement for total proceeds of $1,000,000. The units, and any shares issued pursuant to the exercise of the warrants, will be subject to a four month hold period commencing on the date of the issuance of the units and expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. on February February: see month. 18, 2005. "The closing of this private placement represents another improvement in our working capital position and continues the progress that the Company has made on all fronts in the last year", says Mr. Philip Cassis, President and Director, "We continue to invest in the development of our mineral properties in China and in our operations at the Changma Mine." The Company also wishes to announce that it is engaging in a private placement of 2,181,819 units at $0.11 per unit, each unit comprised of one share and one share purchase warrant for proceeds of $240,000. The proceeds of this private placement, when added to the $763,230 which has been closed, represent the total amount of $1,000,000 first announced on July 21, 2004. The private placement of 2,181,819 units is subject to its acceptance for filing with the TSX-Venture Exchange. ABOUT CHINA DIAMOND CORP. Headquartered in London, Ontario, China Diamond Corp. (www.chinadiamondcorp.com) is a resource company engaged in mining for diamonds and the exploration and advancement of diamond and gold prospects in China. The Company trades on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "CDC." THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE CONTENTS AND HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENT OF THIS NEWS RELEASE. China Diamond Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CDC) |
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