Vancouver, British Columbia (FSCwire) - Strike Diamond Corp. (TSX VENTURE:SRK)("Strike Diamond" or “the Corporation”) reports an update on its proposed property transaction (the “Proposed Transaction”) with Wildcat Exploration Ltd. (“Wildcat”).

 

The Proposed Transaction was originally announced by the Corporation through news release dated May 12, 2015 (the “May Announcement”).

 

Since the May Announcement, Strike Diamond advises that Wildcat has been unable to close the proposed property transaction in a timely manner that accords with the terms of the agreement.

 

As a result, Strike Diamond has terminated the Proposed Transaction.

 

Consequently, Strike Diamond will continue to hold the entirety of its original interest in the Sask Craton project, which is contiguous to North Arrow Minerals Inc.’s Pikoo diamond project.

 

About Strike Diamond Corporation

 

Strike Diamond Corporation (TSXV:SRK) is the Operator of an 80% interest in the Sask Craton Project which represents the largest publicly-traded mineral tenure position in the Pikoo diamond camp. For more information about Strike Diamond Corp., visit www.StrikeDiamond.com.

 

Forward-Looking Statements

 

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Contact Information:

 

Ryan Kalt, LL.M., M.B.A.

Chairman & Chief Executive Officer

778-328-1598

info@strikediamond.com
www.StrikeDiamond.com

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/strikediamond08262015.pdf

Source: Strike Diamond Corp. (TSX Venture:SRK) http://www.strikediamond.com/

 

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