Star Diamond Corp T.DIAM

Alternate Symbol(s): SHGDF

Metals & Mining Industrial Metals & Minerals

Star Diamond Corporation is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. Its primary asset is its 100% interest in the Fort a la Corne property, which is located in central Saskatchewan. Its Fort a La Corne Diamond Project includes Star and Orion South Kimberlites. These kimberlites are in close proximity to established infrastructure, including paved highways and the electrical power grid. The Star-Orion South Diamond Project is located within the Fort a la Corne diamond district of central Saskatchewan, Canada. These Fort a la Corne mineral dispositions are located in the Fort a la Corne Provincial Forest, approximately 60 kilometers (km) east of Prince Albert, Saskatchewan. It also holds a 100% interest in the Buffalo Hills Diamond Project, located approximately 400 kilometers northwest of Edmonton, Alberta, Canada. The property covers a total of 21 mineral leases covering an area of approximately 4,800 hectares (ha).

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Star Diamond Corp

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Post by jeskon Oct 15, 2004 4:18pm

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Post# 8054220

Diamet-type buyout - what happens to shares?

Does anyone know any information about what became of investor's shares who owned DiaMet and/or Aber at the time they were bought out? For instance, Diamet sold 80% to BHP, while Chuck and Stu retained 20% (I believe). So what happened to the shareholder's shares? And with Aber, they sold 60% to Rio Tinto and retained 40%. Did the shareholders have to sell 60% of their shares, or did Aber pocket the cash and the price of the shares rose to the $40 range to account for this cash influx? Thanks for any info.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario