Diagem Inc.
TSX VENTURE : DGE

Diagem Inc.

September 21, 2007 16:05 ET

Diagem Comments on Status of Short-Term Investments

MONTREAL, QUEBEC--(Marketwire - Sept. 21, 2007) - Diagem Inc. ("Diagem") (TSX VENTURE:DGE) advises that it has a short-term $500,000 investment in Canadian asset-backed commercial paper which remains outstanding beyond its maturity date. This instrument was acquired on the basis of professional advice from a major financial institution and was rated R1-high (the highest rating) by Dominion Bond Rating Service. Diagem has secured short-term financing from the same financial institution in order to ensure liquidity. The financing is secured by the commercial paper.

About Diagem

Diagem Inc. is a publicly listed Canadian exploration mining company focused on primary diamondiferous resources in the Juina Diamond Province of Mato Grosso, Brazil, where it controls a large portfolio of mineral properties. The Company has one advanced development stage project and recently discovered two clusters of kimberlite pipes believed to be the main sources of the Juina Province historical alluvial diamond production.

Forward-looking statements: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Contact Information

  • Diagem
    Denis Francoeur
    CEO
    514-866-6001 Ext. 265
    or
    Diagem
    Paul Einarson
    CFO
    514-866-6001 Ext. 251
    or
    Diagem
    Nicole Blanchard
    Investor Relations
    450-627-6600