Canadian Mining Journal

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DIAMOND INVESTMENT – Barrick buys Diamondex units

TORONTO - BARRICK GOLD has taken its first tentative step into diamond exploration by subscribing to 7.55 million u...


TORONTO – BARRICK GOLD has taken its first tentative step into diamond exploration by subscribing to 7.55 million units of Vancouver-based DIAMONDEX RESOURCES. The units are priced at $0.90 each for a total financing of $11.52 million. Each unit entitles Barrick to one common share of Diamondex and one warrant convertible within two years from the date of issuance into one Diamondex share priced at $1.25.

Diamondex has a portfolio of diamond exploration properties in the Northwest Territories, Nunavut and Quebec. Information about the properties may be obtained at www.Diamondex.net.


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