Canadian Venture listed diamond junior, Lucara Diamond Corp, is set to acquire De Beers’ 70% stake in the AK6 diamond project for US$ 49 million. What gives? Why is a Canadian junior acquiring a diamond major’s interest? That too in Africa? Remember, De Beers doesn’t take kindly to juniors?
Oro Gold Resources Ltd. (TSX VENTURE:OGR) updates that drilling continues with three diamond drill rigs, with around 5,000 m completed to date in 2009.
Rainy River Resources Ltd. (TSX VENTURE:RR) today announced that the company has closed its private placement of an aggregate of 2,924,500 flow-through common shares of Rainy River at a price of $2.82 per flow-through Share for gross proceeds of $8,247,090.
Peregrine Diamonds Ltd. (TSX:PGD) announced that the arbitration proceedings commenced by the Company against Indicator Minerals Inc. and Hunter Exploration Group reported on July 9, 2009 are now scheduled to commence in May, 2010.
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