RE: Here is the Diamond News Release...News sure travels fast. ENDABA to New York in the blink of an eye. This is the new world we live in. I like the part about..."...sources close to the company..." ---->>>"Etruscan Diamonds is planning to raise around CAD 25 million in a dual public listing on the Johannesburg and Toronto stock exchanges (JSE and TSX) during the second quarter of 2008, sources close to the company told Rapaport News."
If I recall the time before that ED raised its first $11, I think it took all of a couple hours to close the private offering. The price was $2/share. The new price/share to raise the $25MM should be much higher due to updated resource info available and having a dual listing on TSE/JSE. Hmmm wonder what round $ amount can divide evenly into 25???....Dreaming, well why not.
If anyone starts doing a little research, you will quickly find out how close Rapaport is the the internal working of the Diamond World. I see he is speaking in Isreal on Feb 11th....take care, C.G.