Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category
Shear Announces Resignation of CFO and Directors
Published : November 15, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Diamond | Market | Market Conditions |

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2012) - Shear Diamonds Ltd. (News - Market indicators) ("Shear") is announcing the resignation of its CFO and two of its directors.

Due to other significant time commitments both Pamela Strand and David Prince have resigned from the board of directors of Shear Diamonds.

Greg Powell, CFO has also resigned.

Shear's management and directors thank Mr Prince and Ms Strand for their efforts and guidance during their tenure as Shear directors. Shear also wishes to thank Mr Powell for his considerable efforts whilst with Shear.

On September 4, 2012 Shear announced that it had suspended production of its high grade stockpiles at its 100% owned Jericho Diamond mine as a result of continuing weak world Diamond prices.

Shear continues its efforts to enter into a transaction (whether financing, joint venture, sale or otherwise) that will either allow Shear to advance its Jericho project or to otherwise realize value for Shear's stakeholders.

As previously stated, in order to protect its interests and preserve its priority as Shear's lender, Taché has given notice to Shear of Shear's default of certain terms of the credit agreement between the parties and provided notice of intention to enforce security.

At this time, Diamond and financial market conditions continue to make it difficult for Shear to secure a financing or other transaction. There can therefore be no assurance that an appropriate transaction will be found.

About Shear Diamonds Ltd.

Shear is a Canadian-based company focused on Diamond exploration and development in Canada's North, where it explores established Diamond districts and has discovered new ones. Shear currently has a portfolio of eight Diamond projects, including three advanced projects with development potential. Shear holds a 100% interest in its 2010 acquired Jericho Diamond Mine and surrounding exploration assets, located in the Kitikmeot region of Nunavut.

On behalf of the Board of
SHEAR DIAMONDS LTD.
 
Julie Lassonde, President & CEO
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.

Shear Diamonds Ltd.
416-479-8728 or 1-866-298-9695
www.sheardiamonds.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Shear Diamonds Ltd

EXPLORATION STAGE
CODE : SRM.V
ISIN : CA8209792016
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Shear Diamonds is an exploration diamonds company based in Canada.

Shear Diamonds holds various exploration projects in Canada and in Philippines.

Its main exploration properties are CHURCHILL, MIMINISKA LAKE, CANOE LAKE, EDSON, JERICHO MINE, AFRIDI LAKE, AYLMER LAKE and AYLMER LAKE WEST in Canada.

Shear Diamonds is listed in Canada. Its market capitalisation is CA$ 2.4 millions as of today (US$ 2.2 millions, € 1.6 millions).

Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.70, and its lowest recent point on November 02, 2012 at CA$ 0.04.

Shear Diamonds has 53 329 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of Shear Diamonds Ltd
11/15/2007 stock sparkles - Edmonton Journal
Financings of Shear Diamonds Ltd
8/27/2010Announces Closing of $13.1 Million Private Placement Offerin...
8/10/2010Announces Pricing and Terms for its Private Placement Offeri...
1/7/2010Closes Additional $80,000 Private Placement
12/14/2009Announces Private Placement
1/2/2009Closes Additional $500,000 Private Placement
12/19/2008Closes $1.18 Million Private Placement
12/11/2008Announces Private Placement Offering
12/1/2008News Release - Application to Extend Term of Warrants
12/1/2008News Release - Application to Extend Term of Warrants
8/16/2008Closes $1.14 Million Private Placement
7/22/2008Announces Private Placement Offering
12/20/2007 Closes Private Placement
12/7/2007Shear Announces Private Placement
11/16/2007Expiry of Warrants Extended
11/13/2007Application to Extend Term of Warrants
6/12/2007Closes $6 Million Brokered Private Placement
5/16/2007Announces Brokered Private Placement
Option Grants of Shear Diamonds Ltd
4/25/2008 Announces Grant of Options
Nominations of Shear Diamonds Ltd
11/15/2012Announces Resignation of CFO and Directors
4/5/2011Announces Appointment of David Prince to Board of Directors
3/29/2011Announces Appointment of Gregory Rieveley to Board of Direct...
1/10/2011Announces Vice President of Exploration and VP of Operations
Project news of Shear Diamonds Ltd
2/28/2011(Jericho Mine)Announces Work Plan for the Jericho Project
2/14/2011Signs Agreement with Nunavut Resources Corp.
2/8/2011(Jericho Mine)Reports Diamond Content Range Up To 11.3 cpt From Recovery R...
8/12/2010(Churchill)Files NI 43-101 on SEDAR in respect of the Jericho Diamond P...
7/22/2010(Jericho Mine)Reports NI 43-101 Resource Estimate for Jericho Diamond Proj...
9/24/2008(Churchill)discovers nine new kimberlites at the Churchill Diamond Proj...
9/15/2008(Churchill)ANNOUNCES NEW KILLIQ KIMBERLITE AT CHURCHILL DIAMOND PROJECT...
7/2/2008(Churchill)announces 2008 program underway at the Churchill Diamond Pro...
6/27/2008(Churchill)REPORTS ADDITIONAL HIGH INTEREST MINERAL DISPERSIONS AT CHUR...
5/14/2008(Afridi Lake)ANNOUNCES COMPLETION OF SPRING AFRIDI LAKE EXPLORATION DRILL...
3/26/2008(Afridi Lake) ANNOUNCES 2008 AFRIDI LAKE DRILL PROGRAM
2/20/2008(Churchill)SHEAR REPORTS ADDITIONAL DIAMONDS FROM KAHUNA
1/31/2008(Churchill) REPORTS HIGH DIAMOND COUNTS FROM FOUR KIMBERLITES DISCOVERE...
12/3/2007(Churchill West) Recovers 337 Carats from 356 Tonne Kahuna Bulk Sample: News...
11/30/2007(Sakari Diamond)SAKARI PROJECT UPDATE
11/20/2007(Afridi Lake) ANNOUNCES HIGH PRIORITY KIMBERLITE TARGETS AT THE AFRIDI PR...
11/14/2007(Churchill West)SHEAR RECOVERS 5.43 CARAT DIAMOND FROM CHURCHILL'S KAHUNA KI...
10/11/2007(Churchill West) DISCOVERS 31 NEW KIMBERLITES AT CHURCHILL
5/17/2007(Afridi Lake)Announces Exploration Plans for Afridi Lake Diamond Property
Corporate news of Shear Diamonds Ltd
10/22/2012s Financial and Operational Status; Continues to Seek Transa...
7/13/2011Announces Beginning of Process Evaluation at Jericho Diamond...
7/6/2011Announces Additional 75,000 Acres in Mineral Rights and Expl...
5/31/2011Announces Engagement of DRA Americas to Evaluate Jericho Dia...
5/5/2011Commences Drilling at Jericho Diamond Project in Nunavut and...
4/26/2011featured in the Toronto Star April 25, 2011
3/15/2011Reports Overall Diamond Recovery of 0.35 cpt From 25.6 Tonne...
3/8/2011Announces Extension of Type A Water Licence for Jericho Diam...
12/23/2010Announces Name Change, Consolidation and New Transfer Agent
12/2/2010Greg Missal and Dr. Keith M. Barron have been elected to the...
11/26/2010AGM November 23, 2010
7/23/2010July 23, 2010
5/25/2010receives the Thomas Kudloo Memorial Award
5/10/2010Press Release - May 2010
5/3/2010$550,000 program for 2010 at Chesterfield Inlet Project
3/17/2010Finalizes agreement with Rio Tinto report on fall fieldwork ...
3/8/2010Press Release March 8, 2010
1/15/2010Commences drilling at Liege Diamond Project, Alberta
1/12/2010Invite to Investing in Nunavut Reception - January 17, 2009
10/14/2009From Shear Minerals Ltd.
9/18/2009COMMENTS ON TRADING ACTIVITY
8/10/2009AND STORNOWAY OPTION CHESTERFIELD INLET CLAIMS, NUNAVUT
1/23/2009Featured on 'Innovations in the North'
7/17/2008Announces Road Accessible Drill Ready Targets
7/7/2008Announces Earn into Alberta Potash Permits
1/25/2008To the Life & Memory of BRIAN ELKOW
9/18/2007CONFIRMS HIGH COMMERCIAL DIAMOND CONTENT AT CHURCHILL'S KAHU...
8/1/2007 REPORTS AN ADDITIONAL 31 DIAMONDS WEIGHING 1.74 CARATS FROM...
7/18/2007and Stornoway Announce the Acquisition of Additional Interes...
3/15/2007 Recipient of Environmental Award
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SRM.V)
0.045+0.00%
TSX-V
CA$ 0.045
04/17 15:43 -
0%
Prev close Open
0.045 -
Low High
0.045 0.045
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.045 -10.00%
Volume 1 month var.
0 -10.00%
24hGold TrendPower© : 24
Produces
Develops
Explores for Copper - Diamonds - Gold - Lead - Natural gas - Oil - Silver - Uranium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
20140.00%0.050.05
20130.00%0.050.05
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.17+0.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 3.32-0.45%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 3.65+2.24%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.50+2.46%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.18+2.94%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.74+1.37%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 2.42+6.61%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.26-8.60%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 5.33-3.62%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.15+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.18+0.63%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 4.57-0.22%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 9.04+3.43%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.08-5.56%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.35-4.11%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 1.33-1.48%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 0.69+6.15%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.02+2.81%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.18+0.00%Trend Power :