Five Star Commences Trading on OTC QB & Marketing Update
Five Star Commences Trading on OTC QB & Marketing Update
TORONTO, November 27, 2018 – Five Star Diamonds Limited (“Five Star” or the
“Company”) (TSX‐V:STAR, 5D5:FF and FVVSF:US OTC Markets) is pleased to announce it
has commenced trading on the OTC Markets in the U.S. under symbol FVVSF:US.
The Company also wishes to share recent marketing updates including its sponsorship of
the 7th Brazilian Conference on the Geology of Diamonds.
Five Star Diamonds commences trading on the OTCQB Venture Market
The Company is pleased to announce that it has received approval from the OTC Market
Group Inc. to commence trading on the OTCQB Venture Market under the OTCQB ticker
symbol “FVVSF”. Trading commenced today November, 27. 2018. Five Star shares will
continue to trade on the TSX‐V.
The OTCQB offers transparent trading in entrepreneurial and development stage
companies that have met a minimum bid price test, are current in their financial reporting
and have undergone an annual verification and management certification process. These
standards provide a strong baseline of transparency, as well as the technology and
regulation to improve the information and trading experience for investors.
"We are excited to commence trading on the OTCQB Venture Market. Our belief is a
secondary OTCQB listing will provide increased access to US investors and a broader
shareholder base. Further it will allow U.S. based investors the opportunity to further
share in the Company's continued growth," said Jeremy South, Senior Vice President and
CFO of Five Star Diamonds Ltd.
In addition to the OTC listing, investors also continue to enjoy access to trading Five Star
shares in Europe where it trades in Frankfurt under 5D5:FF. Investors in the U.S. can
obtain Real‐Time quotes and market information for the Company
at www.otcmarkets.com as well as access the most current company news and
developments.
Hong Kong International Mining Association (“HKIMA”)
Jeremy South was in Hong Kong during the week of October 9th to present at two high
profile investor events. He presented as keynote speaker at the Hong Kong
International Mining Association (“HKIMA”) seminar on October 11, attended by Hong
Kong and Mainland China investors. The Company has been working with HKIMA for
several months to improve Five Star’s profile with Asian investors.
Jeremy South, Senior VP and CFO presenting at the HKIMA Conference in Hong Kong.
“The Asian market continues to show strong support for emerging market diamond
companies, and especially late stage developers like Five Star and we are optimistic
about potential partnerships in the region,” said South.
More information on the Hong Kong International Mining Association can be found here:
www.hkima.hk
Astrologer’s Fund Fall Hong Kong Luncheon Symposium
The Company also presented at the Astrologer’s Fund Fall Luncheon Symposium, held at
the American Club in Hong Kong. Jeremy South presented at the highly respected event
attended by multiple investors and co‐hosted by Fund principal, Henry Weingarten. Other
speakers included Cipher Research and Triumph Gold. The event was held on October 25,
2018.
7th Brazilian Conference on the Geology of Diamonds
The Company also had representatives attending and continues to be a Gold Sponsor of
the Annual Brazilian Conference on the Geology of Diamonds between November 4 and
7 in Salvador, Bahia. Bahia state is the largest producer of diamonds in Brazil. The state is
also the location of the first commercial diamond mine in Brazil, developed on a
kimberlite deposit. This year marked the 25th anniversary of the conference. Frederico
Bernandez, Five Star Chief Plant Engineer, presented to a wide variety of investors,
industry leaders and scholars.
Frederico Bernandez, Chief Plant Engineer presenting at the Annual Brazilian Conference on the Geology
of Diamonds.
The potential for near‐term production at Catalao was well received and was the highlight
of Frederico’s presentation. “Brazil is re‐emerging as a major player in global diamond
production, and we are very excited to see the Five Star and our Catalao project
showcased at this prestigious conference,” Bernandez remarked.
More information about the Brazil Diamond Symposium can be found here:
http://www.simposiododiamantebahia.com.br/en
ABOUT FIVE STAR DIAMONDS
Five Star Diamonds is listed on the TSX Venture Exchange under the ticker symbol STAR.
The Company controls a dominant and highly enviable position in the Brazilian kimberlite
diamond sector owning 23 diamond projects comprising an aggregate of 41 exploration
licences and applications across 76,426 hectares. To date, the Company has conducted
exploration programs on seven projects with the Catalao, Verissimo, Riachao, Jaibaras
and Maravilha Projects proven to contain diamond bearing kimberlites. Five Star
Diamonds is focused on acquiring and developing advanced staged diamond projects in
Brazil. Since it was established, it has pursued an accelerated growth strategy and aims to
be one of the first producers of diamonds from kimberlite deposits in Brazil. The Company
is focused on the development of sustainable kimberlite pipes and is not involved in
alluvial diamond mining with its associated environmental issues. The Company works
closely with local, state and federal authorities in Brazil to foster an open, transparent
and legal diamond industry in Brazil. It is expected that the company will be able to
provide further updates on this and its other Projects over the coming months and we
look forward to keeping shareholders informed of our progress as we move towards
building a truly unique Brazilian Diamond Company.
On behalf of the Board
Five Star Diamonds Limited
Jeremy South
Senior Vice President and CFO
For further information, please contact:
Five Star Diamonds Limited
Rajan “Raj” Rai
+1 778 835 9200
Cautionary Note Regarding Forward‐looking statements
Information set forth in this news release contains forward‐looking statements. Although
the Company believes that such statements are reasonable, it can give no assurance that
such expectations will prove to be correct. The Company cautions investors that any
forward‐looking statements by the Company are not guarantees of future results or
performance, and that actual results may differ materially from those in forward looking
statements as a result of various factors, many of which are beyond the Company’s
control. Such factors include, among other things: variations in the nature, quality and
quantity of any mineral deposits that may be located, significant downward variations in
the market price of any minerals produced, the Company’s inability to obtain any
necessary permits, consents or authorizations required for its activities, to produce
minerals from its properties successfully or profitably, to continue its projected growth,
to raise the necessary capital or to be fully able to implement its business strategies. A
mine production decision that is not based on a feasibility study demonstrating economic
and technical viability does not provide adequate disclosure of the increased uncertainty
and specific risks of failure associated with such a production decision.
Accordingly, actual and future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or implied in the forward‐
looking information. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise forward‐looking
information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.