dwyka to diversify with muremera nickel project

Dwyka to diversify with Muremera nickel project
08:51, Thursday, January 18, 2007

Sydney - Thursday - January 18: (RWE Aust Business News) - Dwyka
Diamonds (ASX:DWY) has acquired the Muremera nickel project, Burundi, for
$US2 million in Dwyka shares.
The maximum remaining consideration of $US3m in Dwyka shares is
subject to project milestones.
The company intends to raise up to $5m by way of a shareholder
purchase plan (SPP) and a placement.
The SPP will enable shareholders to subscribe for up to $5,000 in
shares at 31c each.
The company intends to seek new growth opportunities and
diversify,
with its strength being in the rapid and low cost development and
operation of mining projects.
The Muremera is just across the border from the world's largest
undeveloped nickel sulphide deposit, Kabanga, in Tanzania.
Dwyka shares last traded at 48c.
ENDS