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News Release
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Western Standard Metals Ltd. (formerly Nordic Diamonds Ltd.) announces
that effective at the opening on June 12, 2009, the TSX Venture
Exchange delisted the shares of Nordic Diamonds Ltd. and listed the
shares of Western Standard Metals Ltd., under the symbol "WSM".
Further to a special resolution passed by the shareholders at the
Company's Annual/Special General Meeting held February 27, 2009, the
Company consolidated its shares on a 10 old for 1 new basis. The
Directors elected to change the name to Western Standard Metals Ltd. to
better reflect the direction of business activities.
Western Standard Metals Ltd. (the "Company") further announces that it
has arranged for a loan to raise a total of $20,000 by way of a loan
agreement. The Company will repay the loan within a twelve month
period and the interest rate is set at the rate of the London Interbank
Offered Rate (LIBOR) plus 2% interest per annum. The lender will
receive the maximum permitted bonus, being 36,363 post-consolidation
shares at a deemed price of $0.11 per share for granting the loan.
This transaction is subject to acceptance by the TSX Venture Exchange.
The Company is pleased to announce the appointment of an additional
director to the Board. Zahir Virjee is the Product Director for Global
Crossing, an international provider of Next-gen Telecommunications
services comprising Internet access and marketable IP applications.
Mr. Virjee holds a Bachelors Degree (with honors) in electrical
engineering from North Staffordshire, U.K. and has an MBA through Simon
Fraser University.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTERN STANDARD METALS LTD.
Tanuja de Silva
Director, CFO & Corporate Secretary
Neither the 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.
Certain information presented in this release may constitute
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on numerous assumptions, and involve known and
unknown risks, uncertainties and other factors, including risks
inherent in mineral exploration and development, which may cause the
actual results, performance, or achievements of the Company to be
materially different from any projected future results, performance, or
achievements expressed or implied by such forward-looking statements.
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Copyright (c) 2009 NORDIC DIAMONDS LTD. (NDL) All rights reserved.
For more information visit our website at
http://www.nordicdiamonds.com/ or send mailto:info@nordicdiamonds.com
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Nordic Diamonds Ltd
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CODE : NDL.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Nordic est une société d’exploration minière de diamants basée au Canada. Nordic détient divers projets d'exploration au Canada et en Suede. Ses principaux projets en exploration sont MACKAY LAKE au Canada et SOLVBACKTJARN et BOTTENBACKEN en Suede. Nordic est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 519 630 CA$ (517 915 US$, 369 015 €). La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2004 à 0,85 CA$, et son plus bas niveau récent le 10 juin 2009 à 0,01 CA$. Nordic possède 51 963 000 actions en circulation. |