SASKATOON, SK, March 1,
2024 /CNW/ - Star Diamond Corp (TSX: DIAM) ("Star
Diamond" or the "Company") is pleased to announce that its Board of
Directors has appointed Ewan Mason to the position of
President and Chief Executive Officer, effective immediately. Mr.
Mason has served as Interim President and Chief Executive Officer
since January 1, 2023. Mr. Mason will continue to serve as
Chair of the Company's Board.
"We are pleased to name Ewan Mason as the President
and CEO of Star Diamond," said Lisa
Riley, Lead director of the Board. "Since he was appointed
interim CEO in January 2023, Ewan's leadership has been
integral in the successful negotiation process and the coming
acquisition of Rio Tinto Exploration Canada Inc.'s 75% interest in
the Fort à la Corne ("FALC") diamond district. He also continues to
build strong relationships with our employees, shareholders and
stakeholders, all while maintaining a focus on shareholder
value."
"I am honored to accept the CEO position at Star Diamond,"
said Ewan Mason, President and CEO of Star Diamond. "I am
excited about the prospect of an ongoing collaboration with an
exceptional team and the future development of the world class
diamond project that is FALC".
About Star Diamond Corporation
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 à 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.
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Caution Regarding Forward-looking Statements
This press release contains "forward-looking statements" and/or
"forward-looking information" (collectively, "forward-looking
statements") within the meaning of applicable securities
legislation. All statements, other than statements of historical
fact, are forward-looking statements. The use of any of the words
"anticipate", "plan", "aim", "target", "contemplate", "continue",
"estimate", "expect", "intend", "propose", "might", "may", "will",
"shall", "project", "should", "could", "would", "believe",
"predict", "forecast", "pursue", "potential", "possible", "capable"
and similar expressions are intended to identify "forward-looking
statements. Forward-looking statements in this press release
include, but are not limited to, expectations regarding the timing
for transfer of the Permit to Operate and completion of the
transactions that are the subject of the Agreement.
These forward-looking statements are based on Star Diamond's
current beliefs as well as assumptions made by and information
currently available to it and involve inherent risks and
uncertainties, both general and specific. Risks exist that
forward-looking statements will not be achieved due to a number of
factors including, but not limited to, the MoE's approval processes
and the impact of changes in the laws and regulations regulating
mining exploration, development, closure, judicial or regulatory
judgments and legal proceedings and the additional risks described
in Star Diamond's most recently filed Annual Information Form,
annual and interim MD&A.
Although management of Star Diamond considers the assumptions
contained in forward-looking statements to be reasonable based on
information currently available to Star Diamond, those assumptions
may prove to be incorrect. When making decisions with respect to
Star Diamond, investors and others should not place undue reliance
on these statements and should carefully consider the foregoing
factors and other uncertainties and potential events.
Star Diamond does not undertake any obligation to release
publicly revisions to any forward-looking statement to reflect
events or circumstances after the date of this release, or to
reflect the occurrence of unanticipated events, except as may be
required under applicable securities laws. Investors should not
assume that any lack of update to a previously issued
forward-looking statement constitutes a reaffirmation of that
statement. Continued reliance on forward-looking statements is at
investors' own risk.
SOURCE Star Diamond Corporation