VANCOUVER, BC – June 27, 2011 – Chalice Diamond Corp. (COD:TSX.V) (the “Company”) is pleased to announce the appointment of Doug Turnbull, P.Geo., to the Board of Directors of the Company.
Mr. Turnbull is a consulting geologist with over 20 years experience in diamond and precious and base metal exploration. He holds an Honours Bachelor of Science degree in Geology and is a Qualified Professional Geoscientist recognized by the Association of Professional Engineers and Geoscientists of British Columbia. He has been the President of Lakehead Geological Services Inc. since 1990. Lakehead, a geological consulting company based in Vancouver, provides a variety of exploration services to exploration and mining companies.
“We are very pleased to welcome Mr. Turnbull to the Board of Directors and are looking forward to his assistance in providing his valued technical expertise to the Company’s projects,” stated Rasool Mohammad, President of Chalice.
The Company also announces that it has received TSX-V approval and closed its private placement of 4,303,330 non flow-through units ($0.15 per unit) and 3,180,000 flow-through units ($0.20 per unit) for gross proceeds of $1,281,499.50.
Each unit consisted of one common share and one-half of one non-transferable common share purchase warrant. Each full warrant entitles the holder to purchase one additional non flow-through common share of the company at an exercise price of $0.30 for two years from the date of issue of the warrant.
For further information contact:
Rasool Mohammad, President & CEO
Phone: (604) 639-4533
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations and projections.