North Star Diamonds Inc. announces the following update Friday April 13, 9:00 am ET
BELLINGHAM, WA, April 13 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (Pink Sheets: NSDM - News) wishes to announce that the Company has entered into a reverse merger with Chanaral Resources, Inc. Their website (www.chanaralresources.com) is under construction and will be available soon. Mr. Jan Olivier, the president of Chanaral Resources, Inc. has been in the mining industry for many years. The company will be operating from the Bellingham address which is 114 W.Magnolia Street, Suite 400, pmb-102, Bellingham, WA 98225. For further information, please call 1-888-807-4438, which is the company's toll free number. Further press releases will be issued from Chanaral Resources, Inc. A new trading symbol for Chanaral will be announced shortly, replacing NSDM. ADVERTISEMENT
With regard to the spinoffs from North Star Diamonds, Inc., the following information is available.
North Star & Zale, Inc. is being changed to avoid possible conflict with other companies in the jewelry business. However, the Company wishes to announce it has joined with a very established broker of Canadian Diamonds, which will be marketed throughout North America. This company is presently in the process of being listed on the Pink Sheets. The present website, www.northstardiamonds.net, will continue to operate as well as the toll free number, 1-877-454-7872.
North Star Strategic Minerals, Inc. will continue diamond exploration in Manitoba as well as expanding into other metals, mostly gold and associated minerals. It is also in the process of being listed for trading on the Pink Sheets.
Black Sea Minerals, Inc. will remain in contact with the projects in Ukraine, however, due to the political situation existing presently, no funds will be expended there. To diversify, Black Sea Minerals, Inc. is in the process of acquiring uranium properties in Saskatchewan. Over 35% of the world's production of uranium is in Saskatchewan.
About North Star Diamonds, Inc.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of North Star Diamonds Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Toll Free: 1-877-454-7872, or Email: contact*northstardiamonds.net, Walter Stunder, President
-------------------------------------------------------------------------------- Source: North Star Diamonds, Inc.
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