New Issue: Brazilian Diamonds to raise C$2.6 million in private placement of shares

By Devika Patel

Knoxville, Tenn., March 27 - Brazilian Diamonds Ltd. announced it will conduct a C$2.6 million non-brokered private placement of stock.

The company will sell 25,957,000 common shares at C$0.10 per share.

Proceeds will be used for working capital.

Based in London, Brazilian Diamonds is a diamond exploration company.

Issuer:	Brazilian Diamonds Ltd.
Issue:	Common shares
Amount:	C$2,595,700
Shares:	25,957,000
Price:	C$0.10
Warrants:	No
Agent:	Non-brokered
Pricing date:	March 27
Stock symbol:	Toronto: BDY
Stock price:	C$0.10 at close March 26

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