Five STAR Diamonds Announces New Management Appointments
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FIVE STAR DIAMONDS ANNOUNCES NEW MANAGEMENT
APPOINTMENTS
Toronto, ON - Five Star Diamonds Limited (TSXV: STAR) (the “Company” or “Five Star
Diamonds”) announces the appointment of Mr. Aneel Waraich as Director and Mr.
Carmelo Marrelli as Chief Financial Officer (CFO).
Mr. Waraich is a Financial Services Professional with experience in both the asset
management and corporate finance businesses primarily in the Natural
Resources sector. Mr. Waraich is the Founder and Managing Partner of ATMA Capital
Markets and ATMACORP Ltd. Prior to founding ATMA Capital Markets, Mr. Waraich
worked as an Investment Banker at Dundee Capital Markets focusing on deal
origination, going-public transactions and financings for both public and private
companies in the resource and technology sectors. Mr. Waraich is also the Co-founder
and Executive Director of Steppe Gold Ltd. He completed his MBA from the Goodman
Institute of Investment Management at the John Molson School of Business and passed
level II of the CFA ® program.
Mr. Marrelli is the principal of Marrelli Support Services Inc., a firm that has delivered
accounting and regulatory compliance services to listed comp anies on various
exchanges for over twenty years. In addition, Mr. Marrelli also controls DSA Corporate
Services Inc., a firm providing corporate secretarial and regulatory filing services. He is
a Chartered Professional Accountant (CPA, CA, CGA), and a member of the Institute of
Chartered Secretaries and Administrators, a professional body that certifies corporate
secretaries. He has a Bachelor of Commerce degree from the University of Toronto.
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 kimberlite projects comprising an
aggregate of 67 exploration licences and applications across 165,019 hectares.
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.
The Company is running active programmes across its 100% owned Jaibaras, Catalao,
Riachao, Verissimo and Caiapo Diamond Projects. It is expected that the company will
be able to provide further updates over the coming months and we look forward to
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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
Matthew Wood
Chairman of the Board, President and CEO
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. 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.
For further information, please contact:
Five Star Diamonds Limited
Joe Burke, GM Marketing
Rajan “Raj” Rai
+1 778 835 9200