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STAR DIAMOND CORPORATION ANNOUNCES DATE OF SPECIAL MEETING OF SHAREHOLDERS AND CONVERSION OF PROMISSORY NOTES
STAR DIAMOND CORPORATION ANNOUNCES DATE OF SPECIAL MEETING OF SHAREHOLDERS AND CONVERSION OF PROM...
About this update from Star Diamond Corporation
[{"type":"text","content":"\n\n\n\n STAR DIAMOND CORPORATION ANNOUNCES DATE OF SPECIAL MEETING OF SHAREHOLDERS AND CONVERSION OF PROMISSORY NOTES\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWSWIRES/\n \n\n\n\n TSX: DIAM\n \n\n\n\n\n SASKATOON, SK\n \n\n ,\n \n\n June 9, 2025\n \n\n /CNW/ - Star Diamond Corporation (the \"Company\") (TSX: DIAM) is pleased to announce that, further to the Company's press release issued on\n \n May 16, 2025\n \n , a special meeting of the Company's shareholders will be held on\n \n July 29, 2025\n \n (the \"Meeting\"). Only persons registered as holders of common shares of the Company (\"Common Shares\") as of the close of business on\n \n June 13, 2025\n \n are entitled to receive notice of and to vote at the Meeting.\n \n\n The Meeting is being held in connection with the previously announced proposed private placement of units of the Company to Spirit Resources s.a.r.l. (\"Spirit\") for gross proceeds of Cdn.\n \n $4,000,000\n \n (the \"Private Placement\").\n \n\n At the Meeting, holders of Common Shares will be asked to, among other things, approve: (i) the waiver of the application of the Company's Amended and Restated Shareholder Rights plan dated\n \n May 30, 2023\n \n (the \"Shareholder Rights Plan\") to the Private Placement and the termination of the Shareholder Rights Plan; (ii) the issuance of Common Shares and Common Share purchase warrants on the terms of the Private Placement, including the Private Placement materially affecting control of the Company; (iii) the election of two individuals nominated by Spirit to the board of directors of the Company in connection with the completion of the Private Placement; and (iv) any such other matters as may be agreed by the Company and Spirit.\n \n\n The Company also announces that it has issued an aggregate of 3,399,817 Common Shares (the \"Conversion Shares\") at a price of\n \n $0.045\n \n per Conversion Share upon the voluntary conversion of ...