Turquoise Capital Corp. Files Filing Statement FOR Its Qualifying Transaction with Five STAR Diamonds Ltd.
TURQUOISE CAPITAL CORP. FILES FILING STATEMENT FOR ITS QUALIFYING TRANSACTION WITH FIVE
STAR DIAMONDS LTD.
Not for distribution to United States newswire services or for release publication,
distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.
March 30, 2017 ‐ Vancouver, BC – Turquoise Capital Corp. (TSXV: TQC.P) (“Turquoise”) is pleased to
announce that it has filed the Filing Statement for its previously announced proposed Qualifying
Transaction involving Five Star Diamonds Ltd. A copy of the Filing Statement can be found on SEDAR
under the Turquoise’s profile at www.sedar.com. The TSX Venture Exchange has conditionally
approved the Qualifying Transaction and the listing of the resulting issuer on Tier 1 of the exchange
under the symbol “STAR”.
Upon completion of the Qualifying Transaction, the corporate name of Turquoise will be changed to
"Five Star Diamonds Ltd.".
Subject to the satisfaction of certain conditions, completion of the Qualifying Transaction is expected to
occur on or about April 12, 2017.
Financing Update
As previously announced, the completion of the Qualifying Transaction is conditional on the completion
of a concurrent financing. As disclosed in the Filing Statement, the maximum number of Turquoise
Shares allotted to be issued under the financing has been increased to 26,666,666 from the 20,000,000
Turquoise Shares previously announced. As a result, the maximum gross proceeds to the raised under
the financing has increased from $6,000,000 to $8,000,000. The minimum to be raised under the
financing of $4,000,000 has not changed.
Further Information
For further information please contact:
Turquoise Capital Corp. Peter Hinam, CEO (604) 710‐8331
Information set forth in this news release contains forward-looking statements. These statements reflect
management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future
performance. Turquoise cautions that all forward lo oking statements are inher ently uncertain and that
actual performance may be affected by a number of material factors, many of which are beyond
Turquoise’s control. Such factors include, among other things: risks and uncertainties relating to
Turquoise’s ability Turquoise to complete the pr oposed Qualifying Transaction; and other risks and
uncertainties, including those described in Turquoise ’s Prospectus dated April 15, 2013 filed with the
Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future
events, conditions and results may differ materially form the estimates, beliefs, intentions and
expectations expressed or implied in the forward looking information. Except as required under applicable
securities legislation, Turquoise undertakes no obligation to publicly update or revise forward-looking
information.
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange
acceptance and if applicable pursuant to Exchange Re quirements, majority of the minority shareholder
approval. Where applicable, the tr ansaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing
statement to be prepared in connection with the trans action, any information released or received with
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respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the
securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release. A halt in trading shall remain in
place until after the Qualifying Transaction is complet ed or such time that a cceptable documentation is
filed with the TSX Venture Exchange.
The information contained in this press release relating to Five Star has been furnished by Five
Star. Although Turquoise has no knowledge that would indicate that any statements contained
herein concerning Five Star are untrue or incomplete, neither Turquoise nor any of its directors or
officers assumes any responsibility for the accuracy or completeness of such information or for
any failure by Five Star to ensure disclosure of events or facts that may have occurred which may
affect the significance or accuracy of any such 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.