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Feb 15, 2007 : New Diamond Discoveries on Amaruk more...
Jan 10, 2007 : Diamonds North and Majescor Identify High Priority Drill Targets on Ba... more...
Jan 08, 2007 : Amaruk Project Update Diamond Results Pending for Five Kimberlites - P... more...
Dec 04, 2006 : Uranium North Set To Close Financing And Commence To Trade more...
Nov 16, 2006 : Diamonds North Announces Closing of $7 Million Private Placement more...
Oct 26, 2006 : $6 Million "Bought Deal" Financing more...
Oct 12, 2006 : Diamonds North and Arctic Star to Explore in Canada's Newest Kimberlit... more...
Oct 05, 2006 : 19 New Kimberlite Float Occurrences on Amaruk Further Demonstrates the... more...
Sep 27, 2006 : Drill Targets Identified on the Ualliq property more...
Sep 20, 2006 : Diamonds North Increases Kimberlite Tally to Five Demonstrating Amaruk... more...
Aug 23, 2006 : Target Testing Underway at Amaruk -- New Kimberlite Discovered more...
Aug 15, 2006 : Shear Minerals and Diamonds North to Explore the Sakari property more...
Aug 02, 2006 : Diamonds North and International Samuel to Explore the Ualliq property more...
Aug 01, 2006 : Diamonds North Closes Plan of Arrangement for Shareholders to Receive ... more...
Jul 19, 2006 : Diamonds North sets Effective Date for Shareholders to Receive Uranium... more...
Jul 17, 2006 : Pathfinder Starts Major Airborne Geophysical Survey at Thelon Basin Ur... more...
Jul 14, 2006 : Diamonds North Grants Options more...
Jul 13, 2006 : Diamonds North To Drill The Amaruk Project more...
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2006 | 2005 | 2004 | 2003 | 2002
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Fri Jul 11, 2003
Amended Agreement
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#03-25
VANCOUVER, July 11, 2003 -- Diamonds North Resources Ltd. (DDN-TSX Venture) and De Beers Canada have amended the Victoria Island Mon Claim Sales Agreement. The original agreement provides Diamonds North with 100% ownership of the isolated claims with DeBeers holding the right to market diamond production from the Mon claims.
In the amended agreement, De Beers retains the right to market 35% of any production from the Mon claims. De Beers continues to hold a Royalty of 1.5% payable on any production from these claims.
Five of the Mon claims are located on the Blue Ice Project, sixteen are on the Hadley Bay Project and one is on the Holman Project. The amendment to the agreement benefits Diamonds North, its partners and De Beers by providing further incentive to explore for diamondiferous kimberlites on the Mon claims, while satisfying De Beers' objective of marketing a meaningful percentage of any diamond production that may result.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba
President
For further information, please contact:
Corporate Communications:
Nancy Curry
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Website: diamondsnorthresources.com
Email:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release |
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