Shear Diamonds has today confirmed the closing of its previously announced financing agreements with Taché Company securing debt financing and forming a strategic alliance. Shear confirms that the term loan of US$2 million has been funded as of today.
Shear Diamonds has today signed agreements with Taché Company securing debt financing and forming a strategic alliance under which Taché will purchase the diamond production from Shear's Jericho diamond project in Nunavut. The alliance establishes a mutually beneficial relationship encompassing sales of both rough and polished diamonds from the [...]
Shear Diamonds today announces the recovery of the first 200 carats of diamonds from trial tests performed in the recently restarted recovery portion of Shear's 100% owned Jericho Diamond Mine, Nunavut. In addition Shear has completed a new geological interpretation and 3- D Model for the Jericho Kimberlite Complex. "The recoveries are an important [...]
Shear Diamonds today announced the successful partial closing of its $1,050,220 private placement financing, three new corporate officer appointments and the grant of incentive stock options. Subject to final TSX Venture Exchange acceptance, Shear has partially closed a non-brokered private placement on August 19, 2011 for hard dollar gross [...]
Shear Diamonds is pleased to announce that performance tests in the diamond recovery plant and plant feed assessments at the Jericho Diamond Mine will commence by month end. Shear has notified the Nunavut Water Board, earlier this week, of this intent. These tests will be performed in accordance with all current regulatory authorizations and [...]
