TAHERA CLOSES US$2.44 MILLION FINANCING
December 20, 2004
Canadian diamond company Tahera Diamond Corporation has closed the previously announced private placement of flow-through common shares, resulting in the issue of 6,666,667 flow-through common shares at a subscription price of US$0.37 per share, for gross proceeds of US$2.44 million.
Tahera will utilize the proceeds from the private placement to fund a portion of its 2005 exploration activities on its diamond projects in Nunavut and the Northwest Territories.