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.