Black Diamond Capital Partners Ltd (Canada) and Wooridul Resort, Korea Have Reached Agreement

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Conditional offer for financing has been accepted.

Black Diamond Capital Partners Ltd (Canada) has announced that Wooridul Resort has accepted our conditional offer to refinance current debt and finance the development of 95 upscale condominiums and other amenities at a cost of $91,000,000 US. Wooridul Resort located on Jeju Island

Black Diamond Capital Partners Ltd. (Canada) is a well-capitalized private investment company providing construction, purchase and refinance funding for major projects with medium to high leverage loans at market rates. Black Diamond is represented at present in Europe, Africa, and the Americas.

For further information please contact:

Gayle Silverman, EVP
Black Diamond Group of Companies
Black Diamond Capital Partners Ltd. (Canada)
3300 Bloor Street West
Toronto, Ontario M8X 2X2

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Gayle Silverman

Gayle Silverman