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York Street Capital Corp appointed consultant to China Diamond
16 Jun '06
2 min read
The board of directors of China Diamond Corp. wishes to announce that it has entered into a consulting agreement with York Street Capital Corp. effective immediately.
York Street has been retained to advise and assist the Company's management and board with its efforts focused on lifting the current trading halt, making further improvements as may be needed to improve the Company's disclosure and corporate governance policies and procedures and to advising and assisting on capital markets and regulatory matters.
There is no fixed duration or set term for this agreement and it will remain in place until and unless cancelled by written notice by either party. York Street will charge fees to the Company at a rate of $150 per hour and is entitled to receive stock options under the Company's stock option plan, however no options have been granted at this time.
Mr. Gerald Ruth is President and CEO of York Street. Since 2003, Mr. Ruth has provided corporate finance, capital markets and corporate governance advisory services to companies in a broad range of industries.
Mr. Ruth has also served as a director and officer of a number of public and private companies. From 1988 to 2003, Mr. Ruth held various positions of increasing responsibility at the Toronto Stock Exchange, where he served as Head of Listings from 1997 to 2003 with responsibility for all operations, policy development, and general management within the Listings group. Mr. Ruth isa Chartered Accountant.
Headquartered in London, Ontario, China Diamond Corp. is a junior resource company engaged in mining for diamonds and the exploration and advancement of diamond and gold prospects in China.
York Street has been retained to advise and assist the Company's management and board with its efforts focused on lifting the current trading halt, making further improvements as may be needed to improve the Company's disclosure and corporate governance policies and procedures and to advising and assisting on capital markets and regulatory matters.
There is no fixed duration or set term for this agreement and it will remain in place until and unless cancelled by written notice by either party. York Street will charge fees to the Company at a rate of $150 per hour and is entitled to receive stock options under the Company's stock option plan, however no options have been granted at this time.
Mr. Gerald Ruth is President and CEO of York Street. Since 2003, Mr. Ruth has provided corporate finance, capital markets and corporate governance advisory services to companies in a broad range of industries.
Mr. Ruth has also served as a director and officer of a number of public and private companies. From 1988 to 2003, Mr. Ruth held various positions of increasing responsibility at the Toronto Stock Exchange, where he served as Head of Listings from 1997 to 2003 with responsibility for all operations, policy development, and general management within the Listings group. Mr. Ruth isa Chartered Accountant.
Headquartered in London, Ontario, China Diamond Corp. is a junior resource company engaged in mining for diamonds and the exploration and advancement of diamond and gold prospects in China.
China Diamond Corp
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