Diadem Broadens Corporate Focus and Bill Shaver is Added to the Board.TORONTO -- Diadem diadem, in ancient times, the fillet of silk, wool, or linen tied about the head of a king, queen, or priest as a distinguishing mark. Later, it was a band of gold, which gave rise to the crown. In heraldry, the diadem is one of the arched bars that support the crown. Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DRL DRL Bureau of Democracy, Human Rights and Labor (US State Department) DRL Daytime Running Lights DRL Department of Regulation and Licensing (real estate) DRL Dr Reddy's Laboratories ) announced today that, following a strategic review, its Board of Directors has determined to broaden the corporate focus of the Company. Diadem is primarily a diamond and gold exploration company. Its current principal projects are the Franklin diamond project in Canada's Northwest Territories and the Diokeba, Dalakan, Sinzeni and Tinkeleni gold projects in Mali, West Africa. The expanded focus of Management will include consideration of production and near-production mining opportunities, especially those related to gold. In keeping with the broadened focus, William M. (Bill) Shaver P. Eng. has joined the Board and also has been appointed Vice-Chairman of the Board. Mr. Shaver was one of the co-founders of Dynatec Corporation and currently is a consultant to mining companies on a world wide basis with emphasis on safety, management and technical evaluation of operating mines and projects. He has been involved in developing and operating mines for INCO INCO International Cooperation INCO International Nickel Company INCO Instrumentation & Communications Officer (NASA Mission Control Flight Controller) INCO Installation & Checkout INCO Infanteriecompagnie (Dutch) , Falconbridge, Barrick Gold, Newmont, Goldcorp, Aur Resources and FNX Mining. 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. does not accept responsibility for the ad equacy or accuracy of the information contained in this news release. Diadem Resources Ltd. (TSX VENTURE:DRL) |
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