Diamond Frank Raising C$200,000 for Exploration Work on Quebec Diamond Properties, Working Capital

Diamond News – Mining, Financing: Diamond Frank Exploration Inc. (TSX VENTURE:DOD) has closing on December 31, 2009 a non-brokered private placement of 200 units for C$200,000 with accredited investors and friends. Under the terms of this placement, Diamond Frank will issue 1,600,000 flow-through common shares, 666,600 common shares and 666,600 warrants.

Diamond Frank will use 80% of proceeds for exploration work on its properties located in Quebec and the remaining 20% for working capital.

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