Diamonds North Resources Ltd. (TSX-V: DDN) reported that the company has signed a Letter of Intent with Minerals and Metals Group whereby MMG may earn 75% of the Nickel and other base metals on the Amaruk Property in Nunavut, Canada, by spending C$6,000,000 and completing a pre-feasibility study on any base metal deposit that might be identified on Amaruk.
Shear Minerals Ltd. (TSX VENTURE:SRM) and Stornoway Diamond Corporation (SWY:TSX) reported that processing of the mini bulk sample from the Notch kimberlite at the Churchill Diamond Project in Nunavut is complete with an overall diamond recovery of 0.862 carats per tonne (cpt).
Stornoway Diamond Corporation (TSX:SWY) reported that the syndicate of underwriters led by Canaccord Financial Ltd. and including Cormark Securities Inc., Haywood Securities Inc., Desjardins Securities Inc., BMO Capital Markets, Paradigm Capital Inc. and Raymond James Ltd. has exercised a portion of the over-allotment option granted to the Underwriters in connection with the equity financing of Stornoway that closed on February 23, 2010.
Stornoway Diamond Corporation (TSX:SWY) and Shear Minerals Ltd. (TSX VENTURE:SRM) reported that processing of the minibulk sample from the Notch kimberlite at the Churchill Diamond Project in Nunavut is complete with an overall diamond recovery of 86.2 carats per hundred tonne.
China is now the world’s second largest economy. This massive increase in wealth has created a massive desire for luxury goods, diamonds included.
Dailymarkets.com reported on How to Play The Diamond Market With ETFs:
Dianor Resources Inc. (TSX VENTURE:DOR) reported that the company has entered into a Standby Equity Distribution Agreement with Kodiak Capital Group, LLC of New York for a $30 million equity line of credit.
Stornoway Diamond Corporation (TSX:SWY) reported changes to the Company’s executive management team, effective immediately.
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