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Published on 5/30/2006 in the Prospect News PIPE Daily.

New Issue: Tahera Diamond plans C$6.46 million private placement of shares

By Sheri Kasprzak

New York, May 30 - Tahera Diamond Corp. has priced a C$6.46 million private placement.

The offering includes up to 1.7 million flow-through shares at C$3.80 each.

The deal is scheduled to close June 8.

Proceeds will be used for exploration on diamond projects in Nunavut.

Based in Toronto, Tahera is a diamond exploration company.

Issuer:Tahera Diamond Corp.
Issue:Flow-through shares
Amount:C$6.46 million
Shares:1.7 million
Price:C$3.80
Warrants:No
Pricing date:May 30
Settlement date:June 8
Stock symbol:Toronto: TAH
Stock price:C$2.75 at close May 30

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