Post by Zoinkers on Jan 13, 2007 14:57:42 GMT -5
Press Release Source: North Star Diamonds, Inc.
North Star Diamonds Inc. announces completion of first spinoff, second spinoff announced
Friday December 22, 9:00 am ET
BELLINGHAM, WA, Dec. 22 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (Pink Sheets: NSDM - News) North Star Diamonds Inc. wishes to announce to the shareholders that the shares of North Star Strategic Minerals, Inc. have been delivered to the DTC (Depository Trust Corporation) and are in the process of being distributed, beginning on Tuesday.
North Star Diamonds Inc. also wishes to announce the second spinoff, North Star & Zale, Inc. The record date has been set for January 5, 2007 at 5:00 p.m. Pacific Standard Time with the payment date scheduled for January 19, 2007. The shares will be issued on a basis of 5 North Star Diamonds Inc. shares for one share of North Star & Zale, Inc. This company is in the process of going public on the OTC Bulletin Board and is presently completing the SB-2 and audited statements. The name of the president and other officers will be named in early January, 2007. This will give the present shareholders shares in three companies: North Star Diamonds Inc., North Star Strategic Minerals, Inc. and North Star & Zale, Inc. "All three companies will now contribute value to the shareholders," states Walter Stunder, who is currently the president of all three. "We can look forward in anticipation of a good year in 2007 and I take this opportunity to wish all our shareholders a very Merry Christmas and a Happy and Prosperous New Year."
About North Star Diamonds, Inc.
North Star Diamonds, Inc. is a diamond exploration and sales company. The Company holds 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
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Source: North Star Diamonds, Inc.
North Star Diamonds Inc. announces completion of first spinoff, second spinoff announced
Friday December 22, 9:00 am ET
BELLINGHAM, WA, Dec. 22 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (Pink Sheets: NSDM - News) North Star Diamonds Inc. wishes to announce to the shareholders that the shares of North Star Strategic Minerals, Inc. have been delivered to the DTC (Depository Trust Corporation) and are in the process of being distributed, beginning on Tuesday.
North Star Diamonds Inc. also wishes to announce the second spinoff, North Star & Zale, Inc. The record date has been set for January 5, 2007 at 5:00 p.m. Pacific Standard Time with the payment date scheduled for January 19, 2007. The shares will be issued on a basis of 5 North Star Diamonds Inc. shares for one share of North Star & Zale, Inc. This company is in the process of going public on the OTC Bulletin Board and is presently completing the SB-2 and audited statements. The name of the president and other officers will be named in early January, 2007. This will give the present shareholders shares in three companies: North Star Diamonds Inc., North Star Strategic Minerals, Inc. and North Star & Zale, Inc. "All three companies will now contribute value to the shareholders," states Walter Stunder, who is currently the president of all three. "We can look forward in anticipation of a good year in 2007 and I take this opportunity to wish all our shareholders a very Merry Christmas and a Happy and Prosperous New Year."
About North Star Diamonds, Inc.
North Star Diamonds, Inc. is a diamond exploration and sales company. The Company holds 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
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Source: North Star Diamonds, Inc.