TSX: DIAM
SASKATOON, SK, Dec. 28,
2022 /CNW/ - Star Diamond Corporation ("Star Diamond"
or the "Company") announces today that, effective January 1, 2023, Ewan
Mason will assume the role of Interim Chief Executive
Officer of Star Diamond. Mr.
Mason has been a director of Star
Diamond since September 2017
and also serves as Chair of the Board of the Company. Mr.
Mason is currently the owner of several private corporations and
prior to this was a Managing Director at several mining investment
banks both in Canada and abroad as
well as an exploration geologist. Mr. Mason has served as a
director and chair of numerous mining and exploration
companies. His appointment as Interim Chief Executive Officer
follows the previously announced retirement of Ken MacNeill as Star
Diamond's President and Chief Executive Officer effective
December 31, 2022.
Star Diamond also announces the
resignation of Greg Shyluk as
Star Diamond's Chief Financial
Officer effective January 19,
2023. The corporation is working with Mr. Shyluk to ensure a
smooth transition following his departure. Mr. Shyluk has
served as Star Diamond's Chief
Financial Officer since 2013 and been with Star Diamond since 2007. Star Diamond thanks Mr. Shyluk for his service
and wishes him the best in his future endeavours.
The Company's board of directors is working to assess
Star Diamond's cost and management
structure going forward and intends to make further announcements
in due course.
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.
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. Forward-looking statements in
this press release include, but are not limited to, Star Diamond's assessment of its cost and
management structure going forward.
These forward-looking statements are based on Star Diamond's current beliefs as well as
assumptions made by and information currently available to
Star Diamond 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, developments in
world diamond markets, changes in diamond prices, risks relating to
fluctuations in the Canadian dollar and other currencies relative
to the US dollar, changes in exploration, development or mining
plans due to exploration results and changing budget priorities of
Rio Tinto or Star Diamond, the
impact of changes in the laws and regulations regulating mining
exploration, development, closure, judicial or regulatory judgments
and legal proceedings, operational and infrastructure risks and the
additional risks described in Star
Diamond's most recently filed Annual Information Form,
annual and interim MD&A.
SOURCE Star Diamond Corporation