Archive for December, 2009

Grizzly Diamonds closes private placement

Grizzly Diamonds Ltd. (TSX VENTURE:GZD) (FRANKFURT:G6H) reported that the company has closed a non-brokered private placement of an aggregate of 1,033,000 units at a price of $0.40 per Unit and an aggregate of 912,499 flow-through units at a price of $0.45 per FT Unit for gross proceeds of $823,825.

Lydia Diamond Exploration closes property sale

Lydia Diamond Exploration of Canada Ltd. reported that the company has closed its previously announced sale of its 24,000 hectare exploration property located in Cashel, Effingham, Grimsthorpe and Tudor townships in southeastern Ontario near Madoc to Crown William Mining Corporation.

Etruscan Diamonds diamond sales results

Mountain Lake Resources Inc. (TSX-V: MOA) declared that Etruscan Diamonds Ltd. reported today that diamond sales for the month of February averaged in excess of US$750 per carat. Mountain Lake Holds a 16.2% Ownership Interest (5,246,000 Shares) in Etruscan Diamonds.

Lucara Receives approval from Republic of Botswana

Lucara Diamond Corp. (TSX VENTURE:LUC)today announced that the company has received approval from the Government of the Republic of Botswana in respect of the its acquisition of a 70.268% interest in the AK6 diamond project in Botswana.

Stornoway Revised Mineral Resource Estimate

Stornoway Diamond Corporation (TSX:SWY) today announced the completion of a revised National Instrument (“NI”) 43-101 compliant mineral resource estimate for the Renard Diamond Project in North Central Quebec.

Big Red Diamond reports new survey at Quebec

Big Red Diamond Corporation (TSX VENTURE:DIA) today announced, further to the Company’s announcement on September 25, 2009, that it has completed a 648 line kilometre airborne survey of its J6L1 Rare Earth Element project located 52 kilometres northwest of Sept-Iles, Quebec.