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Post by Franko10 ™ on Nov 1, 2006 9:22:16 GMT -5
October 17, 2006
NORTH STAR DIAMONDS INC. ANNOUNCES SPINOUT RECORD DATE
NORTH STAR DIAMONDS INC. ANNOUNCES SPINOUT RECORD DATE FOR IMMEDIATE RELEASE
Date: October 17, 2006
Bellingham, WA, -- October 17, 2006/ PR Newswire-FirstCall via COMTEX /– North Star Diamonds, Inc. (Pink Sheets: NSDM) North Star Diamonds Inc. is pleased to announce that the board of directors has set the record date for the spinout of North Star Strategic Minerals Inc. as Monday, October 23, 2006 at 5:00 p.m. (Pacific Standard Time). Shareholders of that date (record date) will receive one share of North Star Strategic Minerals, Inc. for every share of North Star Diamonds Inc. which they hold. Form 10 is being completed to register the shares of that date. The board of directors are of the opinion this will add more flexibility to the operations of both companies. Both companies will operate under a separate board of directors.
About North Star Diamonds, Inc.
North Star Diamonds, Inc. is a diamond exploration and sales company. The Company holds 121,808 strategically acquired diamond claims mostly in the Manitoba area of 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
NORTH STAR DIAMONDS INC. ANNOUNCES SPINOUT RECORD DATE
NORTH STAR DIAMONDS INC. ANNOUNCES SPINOUT RECORD DATE FOR IMMEDIATE RELEASE
Date: October 17, 2006
Bellingham, WA, -- October 17, 2006/ PR Newswire-FirstCall via COMTEX /– North Star Diamonds, Inc. (Pink Sheets: NSDM) North Star Diamonds Inc. is pleased to announce that the board of directors has set the record date for the spinout of North Star Strategic Minerals Inc. as Monday, October 23, 2006 at 5:00 p.m. (Pacific Standard Time). Shareholders of that date (record date) will receive one share of North Star Strategic Minerals, Inc. for every share of North Star Diamonds Inc. which they hold. Form 10 is being completed to register the shares of that date. The board of directors are of the opinion this will add more flexibility to the operations of both companies. Both companies will operate under a separate board of directors.
About North Star Diamonds, Inc.
North Star Diamonds, Inc. is a diamond exploration and sales company. The Company holds 121,808 strategically acquired diamond claims mostly in the Manitoba area of 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
