Turquoise Capital Corp. completes Qualifying Transaction

April 24, 2017

On April 24, 2017, the TSX Venture Exchange announced that it had accepted for filing Turquoise Capital Corp.’s Qualifying Transaction, as a result of which Turquoise Capital will no longer be considered a Capital Pool Company.

Pursuant to the transaction, Turquoise Capital acquired all the issued and outstanding shares of Five Star Diamond Limited (BVI), (“Five Star”) by way of a “three-cornered merger”, and issued 101,287,345 Common Shares to the securityholders of Five Star. Turquoise Capital changed its name to “Five Star Diamonds Limited” and, effective at the opening of the TSX Venture Exchange on April 25, 2017, the trading symbol changed from “TQC.H” to “STAR”.

Kevin Sorochan of Miller Thomson advised Canaccord Genuity Corp. which acted as sponsor for the transaction.