Five STAR Diamonds Ltd. Announces Reliance ON Financial Statement Filing Extension
FIVE STAR DIAMONDS LTD. ANNOUNCES RELIANCE ON FINANCIAL STATEMENT FILING EXTENSION
TORONTO, APRIL 24, 2020 – Five Star Diamonds Limited (TSX‐V:STAR) (“Five Star” or the “Company”)
announces that it will be relying on the blanket relief granted by the Canadian Securities Administrators in
respect of its obligation to file (i) its annual financial statements required by subsection 4.2(a) of National
Instrument 51‐102 – Continuous Disclosure Obligations ("NI 51‐102") and its annual management's
discussion and analysis required by subsection 5.1(1) of NI 51‐102 (“Annual Financial Reports”) on or
before April 30, 2020; and (ii) its interim financial statements for the three months ended March 31, 2020
required by subsection 4.4(b) of NI 51‐102 and its interim management's discussion and analysis required
by subsection 5.1(1) of NI 51‐102 (“Interim Financial Reports”) on or before June 1, 2020. Management
of the Company expects that the Company's Annual Financial Reports will be filed on or about May 30,
2020 and its Interim Financial Reports will be filed on or about June 30, 2020.
The Company confirms that its management and other insiders are subject to an insider trading black‐out
policy that reflects the principles in section 9 of National Policy 11‐207 – Failure‐to‐File Cease Trade Orders
and Revocations in Multiple Jurisdictions.
The only material developments of the Company that have occurred since November 30, 2019, being the
date of filing of the last interim financial report of the Company, have been:
On December 5, 2019, the Company has announced that Board of Directors of the Company has
approved a proposed name change of the Company to “Aranjin Resources Ltd”.
On February 26, 2020, the Company has announced that it has issued Common Shares in payment of
drilling services provided to the Company pursuant to a drilling for shares arrangement previously
announced on April 17, 2018. The Company settled an aggregate amount of $484,698 owing to the
drilling contractor for drilling completed on the Company’s Brazilian diamond properties through the
issuance of 9,693,960 Common Shares at a deemed issuance price of $0.05 per Common Share, all in
accordance with the drilling contract entered into between the Company and the drilling contractor.
On behalf of the Board
Five Star Diamonds Limited
Matthew Wood
Chairman of the Board
+1.647.981.1703
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.