Diversified Royalty Corp.

10:33 AM EST - Diversified Royalty Corp. : Has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. pursuant to which the Underwriters have agreed to purchase 9,400,000 Common Shares from the treasury of the Corporation, at a price of $3.20 per Common Share for total gross proceeds of approximately $30 million. Diversified Royalty Corp. shares T.DIV are trading down $0.05 at $3.25.