Debut Diamonds Inc (C:DDI*CA)

Business Focus: Precious Metals & Minerals

Dec 23, 2019 12:36 pm ET
Debut Diamonds Announces Sale of Mineral Claims and Board, and Management Changes
Toronto, Ontario--(Newsfile Corp. - December 23, 2019) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") announces that it has sold all of its mining claims (the "Claims") to KWG Resources Inc. (the "Purchaser") for cash consideration of $1,200, pursuant to the terms of a claims purchase agreement between the Company and the Purchaser dated December 23, 2019 (the "Claims Purchase Agreement"). In addition, the Company announces the following resignations effective immediately: Frank Smeenk as director, President and Chief Executive Officer, Michael Minas as director and Thomas Devlin as Chief Financial Officer of the Company. The Company is pleased to announce the following appointments to its board of directors and senior management: Michael Lerner as Chief Executive Officer and director, Harvey McKenzie as Chief Financial Officer, and Emily Lerner as director. The Company thanks the departing directors and officers for their valuable contributions, and further wishes them every success in their future endeavors.
Dec 06, 2019 02:38 pm ET
Debut Diamonds Announces Plans To Consolidate
Toronto, Ontario--(Newsfile Corp. - December 6, 2019) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") announces its plans to consolidate all of the Company's issued and outstanding common shares (the "Shares") on the basis of 16.667 to one (1) (the "Consolidation").
Jan 09, 2019 01:29 pm ET
Debut Diamonds Announces Closing of Private Placement and Debt Conversion
Toronto, Ontario--(Newsfile Corp. - January 9, 2019) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement for gross proceeds of $600,000 (the "Private Placement") and the settlement of $90,000 in debt (the "Debt Conversion"; together with the Private Placement, the "Transactions"). Under the Private Placement, the Company issued an aggregate of 200,004,000 units ("Units") at a price of approximately $0.003 per Unit, or $0.05 per Unit after adjusting for the Consolidation (as defined below) (the "Issue Price"). Each Unit is comprised of one (1) common share of Debut (a "Common Share") and one half of one (1/2) Common Share purchase warrant (each whole warrant, a "Warrant"), with each Warrant being exercisable into one Common Share at the Issue Price for a period of five years following closing of the Private Placement. Under the Debt Conversion, the Company issued 30,000,600 Common Shares at a deemed price equal to the Issue Price in settlement of certain outstanding debt.
Nov 26, 2018 10:12 pm ET
Debut Diamonds Announces Engagement of KWG as Sales Agent, Board Changes, Private Placement, and Sale of Control
Toronto, Ontario--(Newsfile Corp. - November 26, 2018) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") today announced a series of transactions, including the engagement of KWG Resources Inc. ("KWG") as its exclusive agent to source buyers for its various diamond mineral resource properties, changes to its board of directors, a proposed private placement, a proposed conversion of debt into common shares of the Company ("Common Shares"), and the sale by KWG of all of the Common Shares that it previously held in Debut Diamonds (collectively, the "Transactions"). The Transactions are each described in further detail below.