Americas Diamond Finalizes Purchase of SUDAM Diamonds Rights

Americas Diamond Corp. (OTCBB:ADMC) announced that the company has executed a definitive stock purchase agreement for SUDAM Diamonds Ltd and its rights to the Natal Diamond mining concessions.

As quoted in the press release:

The Company can now confirm having completed the definitive Stock Purchase Agreement with SUDAM, in which the Company has acquired 100% of the outstanding capital stock of SUDAM, in consideration for the issuance of an aggregate of 1,221,695 shares of the Company common stock, in addition to the assumption of SUDAM’s obligations.

Click here to read the full Americas Diamond Corp. (OTCBB:ADMC) press release.