Metalex Ventures Ltd. signed a letter agreement pursuant to which a private equity fund managed by the Dundee Corporation group may acquire up to a 51% interest in the U2 and T1 kimberlite pipes, Canada.
Metalex Ventures Ltd. reports the diamond results from both the 9.3 hectare U2 kimberlite pipe and the 3 hectare T1 pipe on the Metalex - Arctic Star Diamond Corp. joint venture in the James Bay lowlands, Ontario, Canada.
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