VANCOUVER, March 7, 2016 – Strike Diamond Corp. (TSX Venture: SRK) (the “Company”) announces that it intends to consolidate its common shares on a 10 old for one new share basis. In conjunction with the share consolidation, the name of the Company will be changed to “Sunvest Minerals Corp.”. The Board of Directors of the Company have passed resolutions in respect thereof in accordance with TSX Venture Exchange Policy 5.8, the Company’s Articles and the British Columbia Business Corporations Act. An application to the TSX Venture Exchange for acceptance of the consolidation and name change will be made forthwith.
There are currently 31,899,132 common shares issued and outstanding. If the proposed consolidation of ten old shares for one new share is accepted by the TSX Venture Exchange, there will be approximately 3,189,913 common shares issued and outstanding. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the Company are consolidated. The Company will not issue any fractional common shares as a result of the consolidation. Instead, all fractional shares resulting from the consolidation will be rounded down to the nearest whole number. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices adjusted accordingly.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Gordon Zelko, Chief Executive Officer 604-602-0001 info@strikediamond.com
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VANCOUVER, March 7, 2016 – Strike Diamond Corp. (TSX Venture: SRK) (the “Company”) announces that it intends to consolidate its common shares on a 10 old for one new share basis. In conjunction with the share consolidation, the name of the Company will be changed to “Sunvest Minerals Corp.”. The Board of Directors of the Company have passed resolutions in respect thereof in accordance with TSX Venture Exchange Policy 5.8, the Company’s Articles and the British Columbia Business Corporations Act. An application to the TSX Venture Exchange for acceptance of the consolidation and name change will be made forthwith. 
