Star Diamond Corporation (TSX:DIAM) acquired Buffalo Hills Diamond Project from Canterra Minerals Corporation (TSXV:CTM) for approximately CAD 1.13 million on July 11, 2024. The consideration consists of 17.5 million common equity of Star Diamond Corporation to be issued for assets of Buffalo Hills Diamond Project. One half of the Consideration Shares are subject to a 12-month lock-up arrangement. In addition to the Consideration Shares, Canterra was granted a 1% royalty interest in the Project. Completion of this acquisition is subject to certain customary closing conditions, including approval of the TSX. All of the Consideration Shares are subject to a customary four month hold period.

Star Diamond Corporation (TSX:DIAM) completed the acquisition of Buffalo Hills Diamond Project from Canterra Minerals Corporation (TSXV:CTM) on July 11, 2024.