| Mon 30 May 2011, 8:38 | | BCD - BRC Diamondcore Ltd - BRC Diamondcore closes financing |
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BCD
BCD
BCD - BRC Diamondcore Ltd - BRC Diamondcore closes financing
BRC DIAMONDCORE LTD.
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: BCD & ISIN Number: CA05565C1095
("BRC DiamondCore" or "the Company")
BRC DIAMONDCORE CLOSES FINANCING
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
Toronto, Canada- May 27, 2011.BRC DiamondCore Ltd. (the "Company") (TSX - BCD;
JSE - BCD) announces that, further to its May 13, 2011 press release, it has
closed a non-brokered private placement of 2,500,000 units of the Company at a
price of Cdn$0.10 per unit for proceeds to the Company of Cdn$250,000. Each
such unit is comprised of one common share of the Company and one warrant of
the Company, with each such warrant entitling the holder to purchase one
common share of the Company at a price of Cdn$0.11 for a period of three
years. The Company intends to use the proceeds from this financing for
general corporate purposes. Directors and officers of the Company were the
subscribers under the financing.
This press release does not constitute an offer to sell or a solicitation of
an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended, (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to or for the
account or benefit of a U.S. person (as defined in Regulation S under the U.S.
Securities Act) unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.
BRC DiamondCore is an African-focused diamond explorer with projects in the
Democratic Republic of the Congo. Led by a management team with extensive
experience in diamond exploration and mine development, the Company works in a
systematic and responsible manner to discover, assess and develop diamond
resources for the benefit of its shareholders and local stakeholders.
JOHANNESBURG
30 MAY 2011
For further information, please visit our website, www.brc-diamondcore.com, or
contact:
In Toronto: Arnold T. Kondrat, Director, (416) 366-2221 or 1-800-714-7938.
In Johannesburg: Brian P. Scallan, Vice President, Finance, +27 82 902 6273 or
+243 991772978.
Date: 30/05/2011 08:38:03 Produced by the JSE SENS Department.
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