(:DDI*CA)
Business Focus: N/A
Mar 25, 2021 11:06 am ET
Debut Diamonds Issues News Release Supplementing Management Information Circular
Toronto, Ontario--(Newsfile Corp. - March 25, 2021) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") issues this news release, as requested by the Ontario Securities Commission ("OSC"), with respect to the Company's notice of annual and special meeting of shareholders to be held on April 1, 2021 (the "Meeting") and management information circular dated March 8, 2021 (the "Circular"), to supplement certain of the information included within the Circular. In the Circular, the board of directors of the Company (the "Board") proposes several resolutions in preparation of the proposed reverse takeover of the Company by WeSana Health Inc. ("Wesana"), whereby the Company will acquire all of the issued and outstanding shares of Wesana, by way of an amalgamation, arrangement, takeover bid, share purchase or other similar form of transaction or a series of transactions, in exchange for shares of the Company (the "Business Combination"), including the following resolutions:
Feb 25, 2021 03:00 pm ET
Debut Diamonds Announces Changes in Board of Directors
Toronto, Ontario--(Newsfile Corp. - February 25, 2021) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") is announcing that the Company has appointed Yazeed Esnan to the current board of directors, effective as of the date hereof.
Feb 03, 2021 06:53 am ET
IIROC Trading Halt - DDI
VANCOUVER, BC, Feb. 3, 2021 /CNW/ - The following issues have been halted by IIROC:
Feb 02, 2021 08:33 pm ET
Debut Diamonds Announces Reverse Takeover Transaction with Wesana Health and Brokered Financing Led by Stifel GMP
Toronto, Ontario--(Newsfile Corp. - February 2, 2021) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") announces that it has entered into a binding agreement (the "Agreement") dated February 2, 2021 with WeSana Health Inc. ("Wesana Health") to complete a business combination by way of a transaction that will constitute a reverse takeover of the Company by Wesana Health (the "Transaction"). If completed, the Transaction will constitute a "fundamental change" of Debut Diamonds pursuant to the policies of the Canadian Securities Exchange (the "CSE").
Dec 04, 2020 10:28 am ET
Marc Lustig and Rajiv Bhatia Early Warning Press Release
Toronto, Ontario--(Newsfile Corp. - December 4, 2020) - Marc Lustig ("Mr. Lustig") of Toronto, Ontario and Rajiv Bhatia ("Mr. Bhatia") of Ottawa, Ontario entered into a share purchase agreement, whereby Mr. Lustig transferred 2,972,514 common shares (the "Common Shares") in the capital of Debut Diamonds Inc. (the "Company") and 900,000 warrants (each, a "Warrant"), each exercisable for one Common Share at a price of $0.05, to Mr. Bhatia for aggregate consideration of $80,000 in a private transaction (the "Private Transaction").
May 25, 2020 04:16 pm ET
Debut Diamonds Announces RTO with Inolife Will Not Proceed
Toronto, Ontario--(Newsfile Corp. - May 25, 2020) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") announces that, due to the COVID-19 pandemic, the conditions of the agreement governing its previously announced business combination with Inolife R&D Inc. have not been fulfilled and the parties have mutually agreed to terminate the transaction.
May 11, 2020 07:30 am ET
Debut Diamonds Announces Amendment to Memorandum of Agreement with Inolife
Toronto, Ontario--(Newsfile Corp. - May 11, 2020) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") and Inolife R&D Inc. ("Inolife") announce that, in consideration of the unpredictable recent events surrounding the Covid-19 pandemic, the parties have entered into an agreement to amend their previously announced binding memorandum of agreement (the "MOU"). Under the terms of the amending agreement dated May 8, 2020, the parties have, among other things, agreed to extend the deadlines for entering into a definitive agreement and completing a private placement for sufficient net proceeds to cause the combined entity resulting from the parties' proposed merger to meet the original listing requirements of the CSE to May 25, 2020.
Mar 03, 2020 07:55 am ET
IIROC Trade Resumption - DDI
VANCOUVER, March 3, 2020 /CNW/ - Trading resumes in:
Mar 02, 2020 05:41 pm ET
Debut Diamonds Announces Reverse Takeover Transaction with Inolife
Toronto, Ontario--(Newsfile Corp. - March 2, 2020) - Debut Diamonds Inc. (CSE: DDI) ("Debut Diamonds" or the "Company") announces that it has entered into a binding memorandum of agreement (the "MOU") dated March 2, 2020 with Inolife R&D Inc. ("Inolife") to complete a business combination by way of a transaction that will constitute a reverse takeover of the Company by Inolife (the "Transaction"). If completed, the Transaction will constitute a "fundamental change" of Debut Diamonds pursuant to the policies of the Canadian Securities Exchange (the "CSE").
Mar 02, 2020 08:49 am ET
IIROC Trading Halt - DDI
VANCOUVER, March 2, 2020 /CNW/ - The following issues have been halted by IIROC:
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.
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