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Tahera Diamond Corporation Closes Previously Announced Flow-Through Financing |
12/16/2004 |
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Tahera Diamond Corporation announces that it has closed the previously announced private placement of flow-through common shares, resulting in the issue of 6,666,667 flow-through common shares at a subscription price of $0.45 per share, for gross proceeds of $3 million.
Tahera will utilize the proceeds from the private placement to fund a portion of its 2005 exploration activities on its diamond projects in Nunavut and the Northwest Territories.
About Tahera Diamond Corporation
Tahera Diamond Corporation (www.tahera.com) is a unique Canadian diamond Company focused on developing its wholly-owned Jericho Diamond Project as CANADA'S NEXT and NUNAVUT'S FIRST DIAMOND MINE. Tahera recently entered into an arrangement with Tiffany & Co., one of the world’s leading jewelers, with respect to a diamond purchasing, marketing, and finance agreement for the Jericho Diamond Project. Tahera has several other very prospective diamond projects in Canada's prolific Slave Craton. The common shares of the Company trade on the TSX under the symbol 'TAH'.
Tahera Diamond Corporation
R. Peter Gillin – Chairman and CEO
Grant Ewing – Executive Vice President, Corporate Development
Investor Relations:
Tel: (416) 777-1998
Fax: (416) 777-1898
Toll free: (877) 777-2004
Email: investor_relations@tahera.com
Website: www.tahera.com
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