BRC DiamondCore on the hunt for funding partners

November 17, 2008

[miningmx.com] -- BRC DiamondCore (BRC) has dropped its plans to raise 3m Canadian dollars through a private share placing and is, instead, focusing on finding new partners to help fund its operations in South Africa and the Democratic Republic of Congo (DRC).

BRC president and CEO Mike de Wit said on Monday that BRC was in negotiations to find a partner to help fund its exploration activities in the south of the DRC, similar to the way it had struck a deal with Rio Tinto over the exploration of its properties in the north of that country.

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