UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

DIADEM RESOURCES LTD.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

25243T

(CUSIP Number)

May 31, 2006

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ ] Rule 13d-1(b)
[

X] Rule 13d-1(c)
[ ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Page 1 of 5 pages

CUSIP No.	25243T

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Goodman & Company, Investment Counsel Ltd., 55th Floor, Scotia Plaza, 40 King Street West, Toronto, Ontario, Canada M5H 4A9

2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) N/A
(b)

3. SEC Use Only

4. Citizenship or Place of Organization:
Toronto, Ontario, Canada

Number of	5. Sole Voting Power	Nil
Shares
Beneficially	6. Shared Voting Power	Nil
Owned by
Each	7. Sole Dispositive Power		Nil
Reporting
Person With	8. Shared Dispositive Power		Nil

9. Aggregate Amount Beneficially Owned by Each Reporting Person Nil

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) N/A


11. Percent of Class Represented by Amount in Row (9) Nil


12. Type of Reporting Person (See Instructions) IA

Page 2 of 5 pages

Item 1.

(a) Name of Issuer
Diadem Resources Ltd.

Item 1. (b) Address of Issuer's Principal Executive Offices
110 Meadowvale Road, Toronto, Ontario, Canada, M1C 1S1

Item 2. (a) Name of Person Filing
Goodman & Company, Investment Counsel Ltd.

Item 2.
(b) Address of Principal Business Office or, if none, Residence
55th Floor, Scotia Plaza, 40 King Street West, Toronto, Ontario, M5H 4A9

Item 2.
(c) Citizenship
Canadian

Item 2.
(d) Title of Class of Securities
Common Shares

Item 2.
(e) CUSIP Number
Not applicable

Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

(a)	[	]	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)	[	]	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)	[	]	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)	[	]	Investment company registered under section 8 of the Investment Company Act of 1940
			(15 U.S.C 80a-8).
(e)	[	]	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f)	[	]	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g)	[	]	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
(h)	[	]	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12
			U.S.C. 1813);
(i)	[	]	A church plan that is excluded from the definition of an investment company under section
			3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	[	]	Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

CANADIAN INVESTMENT COUNSELLING FIRM

Page 3 of 5 pages

Item 4. Ownership.

(a) Amount beneficially owned:

Nil
(b) Percent of class: Nil
(c) Number of shares as to which the person has:
                       (i) Sole power to vote or to direct the vote Nil
                       (ii) Shared power to vote or to direct the vote Nil
                       (iii) Sole power to dispose or to direct the disposition of Nil
                       (iv) Shared power to dispose or to direct the disposition of Nil

Item 5. Ownership of Five Percent or Less of a Class

Goodman & Company, Investment Counsel Ltd. has allowed its 600,000 warrants of Diadem Resources Ltd. to expire on May 31, 2006 and has ceased being a beneficial owner of more than five percent of the class of securities held as of the date hereof.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not Applicable

Item 8. Identification and Classification of Members of the Group

Not Applicable

Item 9. Notice of Dissolution of Group

Not Applicable

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 4 of 5 pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

June 8, 2006

Date

"Robert Cohen"

Signature

Robert Cohen

Portfolio Manager

Name/Title

Page 5 of 5 pages

DIADEM RESOURCES LTD SC 13G