Debut Diamonds Inc., a Canadian company focused on acquisition, exploration and development of mineral properties with a primary focus on exploration for kimberlite hosted diamond deposits, has announced that it successfully completed a $ 50,000 private placement of an aggregate of 5,000,000 common shares.

The money will be used to fund exploration expenses.

Currently, Debut Diamonds’ exploration activities are focused mainly in northern Ontario. It has different properties, some as part of joint ventures and some wholly-owned.  These include the previously discovered MacFadyen and Good Friday kimberlite pipes contained in a claim block contiguous to the DeBeers claim block containing the Victor Diamond Mine and other prospective diamond bearing kimberlite pipes, west of James Bay on Ontario's Attawapiskat River. In addition, Debut has an interest in the diamond bearing Kyle kimberlite pipes about 100 kilometers to the west.

It is also involved in the Nakina Project, DIAGNOS Initiative, Kyle Kimberlites and Canada Chrome Soil Sampling joint venture located in the James Bay lowlands and the wholly-owned Timmins South Gold project in Ontario.

The Shares issued pursuant to the Private Placement are subject to a four-month hold period expiring May 1, 2015.