TORONTO, Sep. 28, 2007 (Canada NewsWire via COMTEX News Network) -- Tahera has entered into an amending agreement for its credit facility with Tiffany & Co. which defers all scheduled repayments of principal and interest under the credit facility until December 31, 2007. These payments were scheduled to commence on September 30, 2007. The Company is continuing discussions with respect to its comprehensive financing plan and hopes to make an announcement in this respect in the coming weeks.
Tahera Diamond Corporation (www.tahera.com) is a unique Canadian diamond company. Tahera's primary asset is its wholly-owned Jericho Diamond Mine, which represents Canada's third and Nunavut's first diamond mine. Tahera has a diamond purchase and marketing arrangement with Tiffany & Co., one of the world's leading jewellers, ensuring that the Company receives competitive market prices for its Jericho diamonds.
Forward-Looking Information
This press release contains "forward-looking information" that reflects Tahera Diamond Corporation's current expectations. When used in this report, words such as "estimate", "intend", "expect", "anticipate" and similar expressions are intended to identify forward-looking information, which is based on the opinions and estimates of management at the date the statements are made. By their very nature, they are not guarantees of Tahera's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause Tahera's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by forward-looking information. These risks, uncertainties and factors may include, but are not limited to the risks and uncertainties identified in Tahera's latest Annual Information Form filed on www.SEDAR.com. Actual events may differ materially from current expectations. Tahera disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
Tahera Diamond Corporation
R. Peter Gillin - Chairman and CEO
%SEDAR: 00003313E
SOURCE: Tahera Diamond Corporation
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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