Arnold T. Kondrat: Acquisition of Units
TORONTO, ONTARIO–(Marketwire – Nov. 24, 2009) – Arnold T. Kondrat (“Kondrat”) announces that he has purchased units (“Units”) of BRC DiamondCore Ltd. (the “Company”) pursuant to a non-brokered private placement financing (the “Financing”) closed today by the Company. Reference is made to the Company’s press release (the “Company Press Release”) issued today announcing the closing of the Financing, pursuant to which a total of 20,000,000 Units were issued by the Company at a price of Cdn$0.05 per Unit. Each Unit consists of one common share of the Company and one warrant of the Company (a “Warrant”), each Warrant entitling the holder to purchase one common share of the Company at a price of Cdn$0.066 for a period of four years. The Company Press Release also announced the closing of certain debt settlement transactions (the “Debt Settlements”).
