On April 25, 2017 Five Star Diamonds Limited (“Five Star”) completed its qualifying transaction and commenced trading on the TSX Venture Exchange under the trading symbol “STAR”. In connection with the completion of it qualifying transaction, Five Star completed a private placement of 17,815,480 Common Shares at a price of C$0.30 per share, for aggregate gross proceeds of C$5,344,644.  Five Star’s business is diamond development, focused on acquiring and developing advanced staged kimberlite diamond projects in Brazil and currently holds a dominant land position in the Brazilian diamond sector. Five Star’s material project is the 100%-owned advanced-stage Catalão diamond project in state of Goiás.

Peterson McVicar LLP acted for Five Star Diamonds Limited with a team that included James McVicar and Andrey Shamis.