STAR DIAMOND CORPORATION COMPLETES ACQUISITION OF BUFFALO HILLS DIAMOND PROJECT

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[{"type":"text","content":"\n\n\n\n STAR DIAMOND CORPORATION COMPLETES ACQUISITION OF BUFFALO HILLS DIAMOND PROJECT\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 Stock Symbol: DIAM: TSX\n \n\n\n\n SASKATOON, SK\n \n\n ,\n \n\n Aug. 1, 2024\n \n\n /CNW/ - Star Diamond Corporation (\"Star Diamond\" or the \"Company\") is pleased to announce that further to its press release dated\n \n July 15, 2024\n \n , it has completed the acquisition of Canterra Minerals Corporation's (\"Canterra\") interest in the Buffalo Hills Diamond Project (the \"Project\").\n \n Star Diamond\n \n now owns 100% of the Project.\n \n\n\n\n\n\n\n\n\n\n Star Diamond\n \n acquired Canterra's 50% interest in the Project, a land package consisting of 21 mineral leases covering approximately 4,800 hectares located 400 kilometres northwest of\n \n Edmonton, Alberta, Canada\n \n , in exchange for the issuance of 17,500,000 common shares of the Company (the \"Consideration Shares\"). One half of the Consideration Shares are subject to a 12-month lock-up arrangement. In addition to the Consideration Shares, Canterra was granted a 1% royalty interest in the Project.  All of the Consideration Shares are subject to a customary four month hold period.\n \n\n\n About Buffalo Hills Diamond Project\n \n\n Located approximately 400 kilometres northwest of\n \n Edmonton, Alberta, Canada\n \n , the Buffalo Hills Diamond Project includes 21 mineral leases covering 4,800 hectares and is a significant and accessible field of diamond bearing kimberlites, with similarities to the Fort á la Corne kimberlites in\n \n Saskatchewan, Canada\n \n . The Project is located in the Buffalo Hills Kimberlite District, which contains at least 38 individual kimberlite bodies, of which 26 kimberlites are diamond bearing and a number of which outcrop at surface. Exploration on these kimberlites started in 1996, and small parcels of diamonds have been collected from various exploration programs on many of those considered most prospective.\n \n\n\n About Star Diamond Corporation\n \n\n...

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