Etruscan to Spin Off Diamond Assets

Etruscan Resources Inc. (TSX: EET) is spinning off its South African diamond interests into Etruscan Diamonds Limited.They will hold a 62% interest in the new entity, scheduled for completion this March, in which they will raise C$10 million tocomplete a feasibility study and upgrade an exploration plant capable of processing 50,000 m³ per month. The spin off is intendedto consolidate ownership and establish a team with resources capable of focusing and advancing the opportunity. Thecompany intends to bring its resource to production, complete a public offering, and list on the Toronto and Johannesburg exchanges.See full report.