news.gif (1KB) news.jpg (11KB)
Show printable version of 'Diamonds North Completes Flow-Through Financing' in a New WindowEmail 'Diamonds North Completes Flow-Through Financing' to a friend

2008
2007
2006
2005
2004
2003
2002


Feb 15, 2008 : Options Granted more...

Feb 04, 2008 : Diamonds North Announces Qavvik-1 Kimberlite Results on Amaruk more...

Jan 28, 2008 : 326 Targets Identified on Ualliq Property more...

Jan 17, 2008 : Higher Nickel Values from Diamonds North's Nickel Discovery more...

Jan 14, 2008 : Diamonds North Announces Two More Kimberlites With High Diamond Counts... more...

Jan 08, 2008 : Diamonds North Recovers 550 Diamonds from 81.75 Kilograms of Tuktu-1 K... more...

Dec 13, 2007 : Siku Project Update more...

Dec 05, 2007 : Ualliq Project Update more...

Nov 30, 2007 : Diamonds North Completes Flow-Through Financing more...

Nov 30, 2007 : Diamond Market Conditions and Sakari Update more...

Nov 23, 2007 : Diamonds North Announces Flow-Through Financing more...

Oct 31, 2007 : New Nunavut Nickel Discovery more...

Oct 10, 2007 : Diamonds North Increases Kimberlite Tally to 22 on Amaruk more...

Sep 11, 2007 : Diamonds North Discovers 11 New Kimberlites on Amaruk more...

Aug 24, 2007 : Diamonds North Completes Flow-Through Financing more...

Aug 15, 2007 : Diamonds North Announces Flow-Through Financing more...

Jul 20, 2007 : Diamonds North Completes Banks Island Acquisition more...

Jul 19, 2007 : Diamonds North Announces Flow-Through Financing more...

Jul 11, 2007 : Diamonds North Provides Update on Hepburn more...

Jul 05, 2007 : Diamonds North acquires 100% interest in the Banks Island Project more...

May 24, 2007 : Diamonds North Expands Amaruk Exploration Program Bulk Samples & Drill... more...

May 16, 2007 : Diamonds North Resources And Arctic Star Plan C$1,500,000 Exploration ... more...

May 10, 2007 : Options Granted more...

May 04, 2007 : Diamonds North Resources AGM Thursday May 10th, 2007 and Options Grant... more...

Apr 24, 2007 : Char Kimberlite Yields High Diamond Counts All Drilled Kimberlites Pro... more...

Apr 18, 2007 : Diamonds North Resources And International Samuel Approve C$1,000,000 ... more...

Apr 17, 2007 : Diamonds North Resources And Shear Minerals Ltd. Approve C$185,000 Exp... more...

Mar 29, 2007 : Diamonds North Resources Recovers 515 Diamonds From Qavvik Kimberlite more...

Mar 20, 2007 : Diamonds North To Drill The Hepburn Project, Over 200 Kimberlite Targe... more...

Mar 12, 2007 : Diamonds North Resources Retains Genoa Management Limited For Investor... more...

Feb 28, 2007 : Options Granted more...

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...



nr.gif (1KB)
а Fri Aug 24, 2007
Diamonds North Completes Flow-Through Financing

а VANCOUVER, August 24, 2007 -- Diamonds North Resources Ltd. (TSX-V: DDN) reports that the non-brokered flow-through private placement announced on July 19, 2007 and increased on August 15, 2007 has closed. A total of 4,551,000 flow-through shares at a purchase price of $1.00 per share have been issued.

Finders' fees of 5% cash and 6% warrants were paid as follows: Bolder Investment Partners Ltd. $15,000 and 18,000 warrants; Canaccord Capital Corporation $47,500 and 57,000 warrants; Clarus Securities Inc. $72,500 and 87,000 warrants; Global Maxfin Capital $1,000 and 1,200 warrants; National Bank Financial $6,750 and 8,100 warrants; NovaDX Ventures Corp. $25,000 and 30,000 warrants; and RBC Dominion Securities $50,000 and 60,000 warrants. The finders' warrants are exercisable at $1.00 and expire as follows: 231,300 are exercisable until August 15, 2008 and 30,000 are exercisable until August 22, 2008.

All the securities issued hereunder are subject to a four month hold period as follows: 4,001,000 flow-through shares and any shares issued on exercise of 231,300 warrants may not be traded until December 16, 2007; and 550,000 flow-through shares and any shares issued on exercise of 30,000 warrants may not be traded until December 23, 2007.


Diamonds North Resources is focused on discovering Canada's next diamond mine. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries.

On behalf of Diamonds North Resources Ltd.


Mark Kolebaba
President & CEO

For additional information please contact:
Nancy Curry
VP Corporate Communications
Diamonds North Resources Ltd.
Telephone:
Facsimile:
Email:
Website: www.diamondsnorth.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
а
а

You can view the Next News Releases 2007 item: Tue Sep 11, 2007, Diamonds North Discovers 11 New Kimberlites on Amaruk

You can view the Previous News Releases 2007 item: Wed Aug 15, 2007, Diamonds North Announces Flow-Through Financing

You can return to the main NewsаReleasesа2007 page, or press the Back button on your browser.

Adnet Communications Inc.