Peregrine to raise $5.0 Million
by Jo Black
Peregrine Diamonds Ltd. intends to proceed with a non-brokered private placement of common shares and units for gross proceeds of up to $5.03 million. A total of 5,750,000 common shares at a price of $0.44 per share will be sold under the private placement on a “flow-through” basis pursuant to the Income Tax Act (Canada). [...]
Grizzly reports new discovery
by Jo Black
Grizzly Diamonds Ltd. has intersected a new kimberlite on the Smoky The Bear Property in the Buffalo Head Hills of northern Alberta. This discovery represents the first new kimberlite discovered in Alberta in five years and is also the first kimberlite discovered in the Buffalo Head Hills by a company outside of the Buffalo Head [...]
Petra’s competition commission
by Jo Black
Petra Diamonds Limited announces that the South African Competition Commission has approved the acquisition of the Cullinan Diamond Mine by the Petra Diamonds Cullinan Consortium from De Beers Consolidated Mines Limited.
On 22 November 2007 Petra, as a member of the PDCC, entered into an agreement with De Beers to acquire Cullinan. It was a condition [...]
Tawana agreement with Nowak
by Jo Black
Tawana has agreed to the terms of a joint venture with Nowak Investments (Pty) Limited (Nowak) to continue the exploration and evaluation of Tawana’s Orapa Diamond Project in Botswana. The agreement is subject to Ministerial approval.
Under the terms of the agreement Nowak will be required to conduct and sole fund the following program to earn [...]
Caledonia appoints VP, Exploration
by Jo BlackCaledonia Mining Corporation announces the appointment of Dr. Trevor Pearton as Vice-President, Exploration for the Company, following the resignation of Jeff Smith. The Board of Directors thanks Jeff for his loyal service and contribution to the company over the years.
Dr. Pearton has worked for Caledonia since 2001. During the time, he was responsible for the [...]
Dios approves 2008 drilling Budget
by Jo Black
Dios Exploration Inc. announces that, following its yearly beginning of the year Board meeting, it has granted an aggregate 980,000 incentive stock options under Stock Option Incentive Plan to directors, officers and employees at an exercise price of $0.31 per share. Of these options, an aggregate 800,000 options have been granted to the Company’s directors [...]
GIA South Africa opens Feb. 21
by Jo BlackThe Gemological Institute of America (GIA) will officially open “GIA South Africa,” its new laboratory in Johannesburg for business on February 21.
Thomas M. Moses, senior vice president, GIA Laboratory and Research, said that launching the GIA Laboratory in Johannesburg has been a top priority for the Institute.
Moses said, GIA is moving quickly to bring its [...]
Mano River Resources appoints CFO
by Jo BlackMano River Resources Inc. announces the appointment of Mr Bevan John Metcalf, aged 50, as Chief Financial Officer with immediate effect. Mr Metcalf is a Chartered Accountant with 27 years global experience in the pharmaceutical and mining industries.
Bevan graduated with a Bachelor of Management Studies degree from Waikato University in New Zealand. He began [...]
Dianor engages Northern Securities
by Jo Black
Dianor Resources Inc. has engaged Northern Securities Inc. for a best efforts private placement of up to 17,142,854 units at a price of $0.35 per unit, and of up to 8,888,889 “flow-through” common shares at a price of $0.45 per share, for aggregate gross proceeds to Dianor of $10 million.
Each unit will consist of one [...]
Archangel status on trading halt
by Jo Black
Archangel Diamond Corporation wishes to clarify that the halt in trading in Archangel’s shares on 9 November 2007 by the TSX Venture Exchange was put in place by the Exchange in consultation with the Corporation pending certain filings by Archangel and the review of the same by Exchange staff.
The Corporation’s shares are not suspended, [...]
Tres-Or recovers large sample
by Jo Black
Tres-Or Resources Ltd. announces successful recovery of a large sample of the Lapointe kimberlite pipe, located about 80 km southeast of Timmins, Ontario. Collection of the sample employed a large diameter RC rig contracted from North West Sequoia Drilling Ltd. which drilled the contractually specified one (1) hole in the central part of the Lapointe [...]
Peregrine plans drilling
by Jo Black
Peregrine Diamonds Ltd. is planning to drill four to six high priority kimberlite-type magnetic anomalies in northern Manitoba, Canada, in March and April, 2008. The anomalies, which vary between four and 15 hectares in size, are situated up-ice of known kimberlite indicator mineral occurrences on two separate properties, Crosswell River and Weir River. These properties [...]
KimCor provides operational update
by Jo Black
KimCor Diamonds plc, a diamond producer and exploration company, provides shareholders with an operational update for the Company’s projects in South Africa.
The Company remains on schedule for completion of the Phase 1 upgrade of the SMI4 tailing plant by the end of February. The plant will process tailings at a rate of up to 60,000tpm [...]
Great Western’s private placement
by Jo Black
Great Western Diamonds Corp. has entered into an agreement with Thomas Weisel Partners Canada Inc. as sole agent for a best efforts private placement of up to 8,000,000 flow-through shares of the Company at a price of C$0.25 per flow-through share, for aggregate gross proceeds of C$2,000,000.
The proceeds from the sale of the flow-through shares [...]
Superior completes drill program
by Jo Black
Superior Diamonds Inc. announces the completion of its 2008 winter reverse circulation drill program on its Ville Marie Diamond exploration property, Quebec. The purpose of this program was to better define possible kimberlite targets interpreted to exist at the heads of several kimberlite indicator mineral dispersal trains(1) associated with thicker areas of overburden. Twenty reverse [...]
Dianor updates on Killala property
by Jo Black
Dianor Resources Inc. informs its shareholders that it has received results for the past season’s exploration of the Killala diamond property in the Marathon area, Ontario.
During late 2006 early 2007 ground magnetic surveys were conducted on a number of airborne geophysical targets that had been selected from data derived from the Ontario Governments exploration initiative [...]
Tahera gets extenended protection
by Jo Black
Tahera Diamond Corporation has received an extension to its previously announced stayed period under the Companies’ Creditors Arrangement Act (CCAA). The court approved extension is now in place until June 30, 2008. During this time the company will continue to pursue financing alternatives and possible corporate transactions.
As previously announced, mining was suspended at the Jericho [...]
Blue Nile’s 2007 financial results
by Jo Black
Blue Nile, Inc. reported financial results for its fourth quarter and fiscal year ended December 30, 2007.
Net sales grew 23.3% to $111.9 million, compared to $90.7 million in the fourth quarter of 2006. Operating income for the quarter rose 24.0% to $10.1 million from $8.1 million in the fourth quarter of 2006. Net income totaled [...]
Ganz: No shortage of rough diamonds
by Jo Black
Israel Diamond Institute (IDI) Chairman Moti Ganz delivered a clear message to diamond miners, producing countries and fellow manufacturers at a session devoted to “Producer Strategies” at the Third International Rough Diamond Conference that opened today in Tel Aviv.
Ganz disputed claims that there is not enough rough in the pipeline. There is no shortage of [...]
BRC merger with Diamond Core
by Jo Black
BRC DiamondCore Ltd. (formerly named BRC Diamond Corporation) has completed the acquisition of all of the outstanding shares of Diamond Core Resources Limited, thereby effecting the merger of its business with Diamond Core’s business.
As the consideration for this acquisition, the Company issued to Diamond Core shareholders one common share of the Company for every 24.5 [...]