Diagnos Inc.

Diagnos Inc.

January 21, 2008 16:09 ET

DIAGNOS Announces Proposed Financing of Up to $3,000,000

BROSSARD, QUEBEC--(Marketwire - Jan. 21, 2008) - DIAGNOS inc. ("DIAGNOS" or the "Corporation") (TSX VENTURE:ADK), a leader in the use of artificial intelligence ("AI") and advanced knowledge extraction techniques, announced today a proposed private placement of up to 5,000,000 units ("Units"), issued at $0.60 per Unit, for gross proceeds of up to $3,000,000.

Each Unit would be comprised of one Common Share and one-half of a Common Share purchase warrant (each full warrant, a "Warrant"). Each Warrant would entitle its holder to acquire one Common Share at a price of $0.85 at any time during the 6 months following the initial closing date. The securities to be issued are subject to a 4-month hold period and other requirements set by the TSX Venture Exchange.

Based on currently available information, up to 15% of the securities issued under the private placement may be subscribed by insiders of the Corporation. This proposed private placement is subject to receipt of all required regulatory approvals, as well as the negotiation and execution of formal documentation.


DIAGNOS, a multidisciplinary corporation, can count on a 20-people team among which seven professionals in geophysics and geology; artificial intelligence specialists, mathematicians, imagery and remote sensing. This team is helped by a dynamic administration and marketing and sales force to help serve its mining sector clientele at its very best. In addition to the data mining and the predictions of the best drilling targets, the Natural Resources Division acquires and sells properties and offers project management services. This horizontal integration makes DIAGNOS, the leader in its sector of industry.

For further information, please visit our Website at www.diagnos.ca. The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies.

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

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