Star Diamond Commences Legal Proceedings Against Rio Tinto Exploration Canada Inc.
March 05 2020 - 5:08PM
PR Newswire (Canada)
TSX: DIAM
SASKATOON, March 5, 2020 /CNW/ - Star Diamond Corporation
(TSX:DIAM) ("Star Diamond" or
the "Corporation") announced today that it has commenced
legal proceedings in the Court of Queen's Bench for Saskatchewan (Judicial Centre of Regina) against Rio Tinto Exploration Canada
Inc. ("RTEC") in relation to RTEC's purported exercise in
November 2019 of its four options
under the Option to Joint Venture Agreement dated June 22, 2017 (the "Agreement"). As
previously disclosed by Star Diamond
in its news press dated February 18,
2020, Star Diamond is
committed to enforcing its rights under the Agreement. Star Diamond does not intend to comment further
on the legal proceedings, except as required by law.
About Star Diamond Corporation
Star Diamond Corporation is a Canadian based corporation engaged
in the acquisition, exploration and development of mineral
properties. Shares of the Corporation trade on the TSX Exchange
under the trading symbol "DIAM". The Fort à la Corne kimberlites
(including the Star - Orion South Diamond Project) are located in
central Saskatchewan in close
proximity to
established infrastructure, including paved highways and the electrical power grid, which provide
significant advantages for future mine development.
SOURCE Star Diamond Corporation
Copyright 2020 Canada NewsWire
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