Diagem Inc.
TSX VENTURE : DGM

Diagem Inc.

September 19, 2007 10:09 ET

Diagem Shares to Begin Trading on a Post-Consolidation Basis

MONTREAL, QUEBEC--(Marketwire - Sept. 19, 2007) - The common shares of Diagem Inc. (TSX VENTURE:DGM) ("Diagem" or "the Company") will begin trading on Thursday, September 20, 2007 at the opening of the markets, on a one-for-ten consolidated basis under the new symbol "DGE" and CUSIP number 251911202. The Company's shareholders approved the share consolidation by over 99% of the votes cast at the special meeting of the shareholders of Company held on September 4, 2007.

Letters of transmittal were mailed to shareholders along with the documents for the special meeting requesting them to forward their certificates representing pre-consolidation common shares of the Company to Computershare Investor Services Inc. at its principal offices in Toronto in exchange for share certificates representing the appropriate number of post-consolidation common shares of the Company. No fractional shares will be issued if, as a result of the share consolidation, a shareholder becomes entitled to a fractional share. In such case, the fraction will be rounded down to the nearest whole number of post-consolidation common shares.

Denis Francoeur, CEO of the Company, stated "The consolidation simplifies our capital structure and reduces the total shares issued and outstanding to approximately 27,180,000. The shareholders' vote demonstrates their support of our new exploration and development program, allows us to proceed with our market capitalization plans and places us in a strong growth position going forward".

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 Inc.
    Denis Francoeur, CEO
    514-866-6001 ext 265
    or
    Paul Einarson, CFO
    514-866-6001 ext 251
    or
    Nicole Blanchard
    Investor Relations
    450-627-6600
    WWW.DIAGEM.COM