Star Diamond Corp T.DIAM

Reading back we've come a long way......

[hondotank]

How many of you folks were regulars on the old KRT thread at Silicon Investor. Maybe we're about to come to that place that Buddy Moynihan would talk about...Scott To: Francoise Kartha who wrote () 7/13/2000 5:32:36 PM From: Scott Reynolds Read Replies (1) of 5202 Wednesday, July 12, 2000 Form 20 F File #0 24980 KENSINGTON RESOURCES LTD. ("KRT-V") - Form 20-F File #0-24980 David H. Stone, President of Kensington Resources Ltd. (the "Company") is pleased to report that further to the Company's news releases of March 8, 2000 and May 24, 2000, the Company has issued 2,039,181 Special Warrants at a price of $0.27 per Special Warrant for gross proceeds of $550,579. Each Special Warrant is convertible, for no additional consideration, into one unit of the Company comprised of one common share and one share purchase warrant. Each share purchase warrant shall entitle the holder thereof to purchase one additional common share in the capital of the Company at the exercise price of $0.37 per share expiring May 15, 2001. Any securities issued pursuant to the conversion of the Special Warrants or upon exercise of the share purchase warrants shall be subject to a hold period expiring on September 15, 2000. Commissions totalling $46,340 in cash have been paid to two parties who are at arm's length to the Company. The proceeds of the private placement will be used to fund the 2000 exploration program at the Fort a la Corne Diamond Project in Saskatchewan as well as for general working capital. The Fort a la Corne Diamond Project is a joint venture among Monopros Limited, a wholly owned subsidiary of DeBeers (DBRSY-Q) (38.5%), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L) (12.9%), UEM Inc. (10%) and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L) (38.5%). The Fort a la Corne kimberlite cluster is one of the largest clusters in the world containing 71 kimberlite bodies. TEL: [phone] Kensington Resources Ltd. FAX: [phone] Internet: www.kensington-resources.com E-Mail: [e-mail] _____________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:[phone] All rights reserved. Fax:[phone] MarketbyFax(tm) - To get the NEWS as it happens, call [phone]. © Kensington Resources Ltd. All Rights Reserved.