Ellendale Resources NL
10-May-04
Has entered into an agreement with Kimberley Diamond Company
and Blina Diamonds regarding the Company’s Ellendale diamond tenements. Blina
holds tenements prospective for diamonds near the Ellendale tenements and expressed an interest in acquiring 100% of
the Ellendale tenements. Blina will seek an IPO on the ASX and consideration
will be 11,500,000 ordinary shares or ten percent in the company.