An anonymous director reports
STAR DIAMOND ANNOUNCES AMENDMENT TO WARRANTS
Star Diamond Corp. is extending the expiry date (and amending the exercise price of the common share purchase warrants of the company issued on April 6, 2022, and April 21, 2022. The amendments will take effect on Feb. 23, 2024.
Pursuant to the warrant extension the term of the warrants will be extended by 18 months, such that after giving effect to the warrant extension, each warrant issued on April 6, 2022, having an initial expiry date of April 6, 2024, will expire on Oct. 6, 2025, and each warrant issued on April 21, 2022, having an initial expiry date of April 21, 2024, will expire on Oct. 21, 2025. Pursuant to the exercise price amendment all the warrants will be exercisable to purchase a common share of the company at a price of 15 cents per common share.
None of the warrants are held by insiders of the company.
The Toronto Stock Exchange has provided conditional approval for the warrant extension and exercise price amendment with an effective date for the amendments of Feb. 23, 2024.
About Star Diamond Corp.
Star Diamond is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Star Diamond trade on the Toronto Stock Exchange under the trading symbol DIAM. Star Diamond's most significant asset is its interest in the Fort a la Corne property in central Saskatchewan. These kimberlites are located in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.