Big Red Diamond Corporation

Big Red Diamond Corporation

October 20, 2008 11:49 ET

Big Red Diamond Corporation: Compliance Review

MONTREAL, QUEBEC--(Marketwire - Oct. 20, 2008) - Big Red Diamond Corporation (TSX VENTURE:DIA) is pleased to announce that the TSXV ("Exchange") has satisfactorily completed its Compliance Review of the Company and will remain listed on the TSXV.

After reviewing our revised General & Administrative and Exploration Expense budgets, financial statements for the 9 months ending July 31, 2008, and also the private placement which we completed in July 2008, the Exchange has determined that the Company satisfied the Exchanges minimum listing requirements. As such, the TSXV requirement letter issued to the Company on June 10, 2008 is now considered satisfied and the file on this matter, has now been closed. We look forward in concentrating our efforts in future and successful endeavors.

Shares issued and outstanding : 55,505,170

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Big Red Diamond Corporation
    Jean-Francois Perrault
    514-798-4896 (FAX)
    Big Red Diamond Corporation
    Martin Nicoletti
    Chief Financial Officer
    514-907-9016 - Ext. 160
    514-907-9017 (FAX)