NEWS RELEASE
Cons Global Diamond 10-Million-Share Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 4, 2008.
Shares: 10 million
Price: 20 cents
Warrants: 10 million share purchase warrants to purchase 10 million shares
Exercise price: 30 cents for a two-year period
Hidden placees: 37
Insiders: Mel De Quadros 100,000; Yvonne Yeung 50,000
Pro groups: Ross Ewaniuk 200,000; Laura Dyrbye 200,000
Finders' fees: $126,400 payable to Li Wei; $9,300 payable to Tim McLeary
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN.
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