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Post by Franko10 ™ on Sept 16, 2004 8:03:22 GMT -5
Diagem International Resource Corp. (TSX Venture Exchange: DGM) is pleased to announce that, subject to regulatory approval, it is undertaking a Private Placement of up to 5,000,000 units of the Company at a price of $0.30 per unit. Each unit will consist of one common share of the Company and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.35 for two years from closing. Funds raised in the private placement will be used to finance the Company's mineral exploration and development activities and for general working capital purposes. The units will be offered for sale by Loewen, Ondaatje, McCutcheon Limited. For and on behalf of: DIAGEM International Resource Corp.
"David Cohen" President
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