Post by Zoinkers on Oct 15, 2006 0:24:10 GMT -5
Press Release Source: North Star Diamonds, Inc.
North Star Diamonds, Inc. announces sponsorship program
Wednesday October 4, 9:00 am ET
BELLINGHAM, WA, Oct. 4 /PRNewswire-FirstCall/ - North Star Diamonds, Inc.(NQB Pink Sheets: NSDM - News) is pleased to announce that its Board of Directors has voted to spinout the company's wholly owned subsidiary "North Star Strategic Minerals, Inc." (a Nevada corporation) as a partial self-liquidating dividend to its shareholders. Shareholders will receive one share of North Star Strategic Minerals, Inc for each share owned in North Star Diamonds, Inc. (NSDM). The record date for this dividend will be announced next week. North Star Strategic Minerals, Inc. controls all of NSDM's diamond and gold properties.
NSDM's President and CEO, Walter Stunder was quoted, "This step, taken by our Board, is the beginning of a new paradigm of expansion for our company as well as rewards for our shareholders. Our loyal shareholders will soon have shares in two public companies. The parent company will now devote full time to seek out acquisition candidates."
About North Star Diamonds, Inc.
North Star Diamonds, Inc. is a diamond exploration and sales company. The Company holds, through its subsidiary, North Star Strategic Minerals, Inc., 121,808 strategically acquired diamond claims mostly in Manitoba, Canada. The company sells diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of North Star Diamonds, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Toll Free: 1-877-454-7872, or Email:
contact@northstardiamonds.net, Walter Stunder, President
--------------------------------------------------------------------------------
Source: North Star Diamonds, Inc.
North Star Diamonds, Inc. announces sponsorship program
Wednesday October 4, 9:00 am ET
BELLINGHAM, WA, Oct. 4 /PRNewswire-FirstCall/ - North Star Diamonds, Inc.(NQB Pink Sheets: NSDM - News) is pleased to announce that its Board of Directors has voted to spinout the company's wholly owned subsidiary "North Star Strategic Minerals, Inc." (a Nevada corporation) as a partial self-liquidating dividend to its shareholders. Shareholders will receive one share of North Star Strategic Minerals, Inc for each share owned in North Star Diamonds, Inc. (NSDM). The record date for this dividend will be announced next week. North Star Strategic Minerals, Inc. controls all of NSDM's diamond and gold properties.
NSDM's President and CEO, Walter Stunder was quoted, "This step, taken by our Board, is the beginning of a new paradigm of expansion for our company as well as rewards for our shareholders. Our loyal shareholders will soon have shares in two public companies. The parent company will now devote full time to seek out acquisition candidates."
About North Star Diamonds, Inc.
North Star Diamonds, Inc. is a diamond exploration and sales company. The Company holds, through its subsidiary, North Star Strategic Minerals, Inc., 121,808 strategically acquired diamond claims mostly in Manitoba, Canada. The company sells diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of North Star Diamonds, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Toll Free: 1-877-454-7872, or Email:
contact@northstardiamonds.net, Walter Stunder, President
--------------------------------------------------------------------------------
Source: North Star Diamonds, Inc.