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Post by Franko10 ™ on Mar 22, 2005 9:04:11 GMT -5
North Star Diamonds, Inc. - Update to shareholders on exploration program
3/22/2005 9:00:37 AM
BELLINGHAM, WA, March 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) wishes to report the following progress in its diamond exploration program.
NSDM has filed the appropriate documents with the Securities and Exchange Commission to raise $500,000 for the diamond drilling program. Due to the delay encountered by the joint venture partners, NSDM will be proceeding with its own program in addition to the joint venture program. The joint venture program will commence as soon as funds are raised by the joint venture partners.
Despite the two month delay, the exploration program will still go ahead as planned. This will not have any lasting effect on NSDM's commitment to the diamond exploration program in Manitoba as there are still more than 40 targets to explore and further targets will be added.
Attracting joint venture partners is part of NSDM's strategy to add value to its numerous properties while minimizing share dilution to its shareholders. NSDM is actively pursuing additional joint venture property option partners.
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
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Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
SOURCE North Star Diamonds, Inc.
Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net
www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
3/22/2005 9:00:37 AM
BELLINGHAM, WA, March 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) wishes to report the following progress in its diamond exploration program.
NSDM has filed the appropriate documents with the Securities and Exchange Commission to raise $500,000 for the diamond drilling program. Due to the delay encountered by the joint venture partners, NSDM will be proceeding with its own program in addition to the joint venture program. The joint venture program will commence as soon as funds are raised by the joint venture partners.
Despite the two month delay, the exploration program will still go ahead as planned. This will not have any lasting effect on NSDM's commitment to the diamond exploration program in Manitoba as there are still more than 40 targets to explore and further targets will be added.
Attracting joint venture partners is part of NSDM's strategy to add value to its numerous properties while minimizing share dilution to its shareholders. NSDM is actively pursuing additional joint venture property option partners.
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
-------------------------------------------------------------------------
Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
SOURCE North Star Diamonds, Inc.
Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net
www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
