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STAR DIAMOND CORPORATION ANNOUNCES NON-BROKERED CONVERTIBLE NOTE PRIVATE PLACEMENT FINANCING UP TO C$500,000
STAR DIAMOND CORPORATION ANNOUNCES NON-BROKERED CONVERTIBLE NOTE PRIVATE PLACEMENT FINANCING UP T...
About this update from Star Diamond Corporation
[{"type":"text","content":"\n\n\n\n STAR DIAMOND CORPORATION ANNOUNCES NON-BROKERED CONVERTIBLE NOTE PRIVATE PLACEMENT FINANCING UP TO C$500,000\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\n SASKATOON, SK\n \n\n ,\n \n\n Jan. 6, 2025\n \n\n /CNW/ -\n \n Star Diamond Corporation\n \n (TSX: DIAM) (\"Star Diamond\" or the \"\n \n Company\n \n \") announces a non-brokered convertible note private placement to raise gross proceeds of up to\n \n C$500,000\n \n (the \"\n \n Offering\n \n \").\n \n\n The Offering will consist of up to\n \n C$500,000\n \n in aggregate principal amount of convertible promissory notes (the \"Notes\"). The Company shall also issue to subscribers one common share purchase warrant for every\n \n C$0.02\n \n of Notes purchased (each, a \"Warrant\"). Each Warrant shall be exercisable to acquire one common share of the Company at an exercise price of\n \n C$0.06\n \n for a period of 2 years from the Closing. Simple interest on the Notes will accrue on an annual basis at the rate of 8% per annum based on a 365-day year.\n \n\n Principal and unpaid accrued interest on the Notes will be due and payable 24 months from the applicable date of Closing (the \"Maturity Date\").\n \n\n Conversion to equity may occur under several circumstances prior to maturity including launch of an equity financing in excess of\n \n C$2,000,000\n \n or sale of the Company. This conversion will be affected at a conversion premium as outlined in the Term Sheet provided to interested investors.\n \n\n The Offering will be conducted in reliance upon available prospectus exemptions contained in National Instrument 45-106 – Prospectus Exemptions, including the \"accredited investor\" and \"family, friends and business associates\" exemptions.\n \n\n\n Investors interested in participating in the Offering should contact Star Diamond Corporation by email at\n \n\n stardiamondcorp@stardi...