GGL Diamond Corp.

GGL Diamond Corp.

January 10, 2005 13:04 ET

GGL Announces Closing of Private Placement Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GGL DIAMOND CORP.

TSX VENTURE SYMBOL: GGL

JANUARY 10, 2005 - 13:04 ET

GGL Announces Closing of Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2005) - Raymond A.
Hrkac, President of GGL Diamond Corp. (TSX VENTURE:GGL) announces,
further to its press release of December 23, 2004, that the Company has
raised gross proceeds of $230,000 by way of a non-brokered private
placement of 1,150,000 flow-through shares at $0.20 each which closed on
January 6, 2005. The shares have a hold period until May 7, 2005.

The Company will incur the gross proceeds for the flow-through private
placement on mineral exploration expenditures and will renounce the
subscription proceeds so incurred to the subscribers effective December
31, 2004.

GGL DIAMOND CORP.

Raymond A. Hrkac, President

For more information, please check our web site at www.ggldiamond.com.
If you would like to speak to someone or have questions, please contact
Susan de Stein at (604) 684-3376.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    GGL Diamond Corp.
    Susan de Stein
    (604) 684-3376
    Website: www.ggldiamond.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.