STAR DIAMOND CORPORATION CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

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/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/SASKATOON, SK, Feb. 18, 2025 /CNW/ - Star Diamond Corporation (TSX: DIAM) ("Star Diamond" or the "Company") announces that it has closed the first tranche of the previously announced non-brokered private placement (the "Offering") of convertible debentures (the "Debentures") to raise aggregate gross proceeds of C$335,000. The Debentures bear simple interest at a rate of 8% per annum and are convertible into common shares of the Company in certain circumstances, including upon a qualified offering to raise aggregate gross proceeds in excess of C$2 million.

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