DDI Debut Diamonds Inc

Debut Diamonds Inc. (CNSX:DDI) ("Debut") has engaged Nordwert Beteiligungs GmbH,
of Hamburg, Germany ("Nordwert") to provide advisory and fiduciary services and
business acquisition opportunities in Germany. Nordwert will initially attend to
the listing of the presently issued and outstanding shares of Debut to enable
their trading on the facilities of the Frankfurt Stock Exchange. 


Debut intends to convert its outstanding indebtedness to KWG Resources Inc. (TSX
VENTURE:KWG)(FRANKFURT:KW6) ("KWG") into new treasury shares and warrants of
Debut to discharge a fixed and floating charge to KWG securing $1.4 million of
advances. These were made under a loan agreement dating to KWG's distribution of
the shares of Debut by way of a return of capital dividend to its shareholders.
Under the terms of the agreement the debt may be converted at KWG's option into
shares of Debut at $0.05 per share. Debut has proposed by way of incentive to
KWG that the conversion include a full warrant with each share, exercisable for
five years at $0.10. The Nordwert engagement also extends to the identification
of one or more purchasers for Debut's holdings of shares and warrants of KWG.


About Debut Diamonds

Debut has both joint-ventured and wholly-owned diamond exploration properties
including the previously discovered MacFadyen Kimberlites and the Victor West,
Uniform Surround and Pele claim blocks all contiguous to De Beers' Victor
Diamond Mine, west of James Bay on Ontario's Attawapiskat River. The Nakina
Project, DIAGNOS Initiative, Kyle Kimberlites and Canada Chrome Soil Sampling
joint venture are also located in the James Bay lowlands of Northern Ontario. 


Forward-Looking Statements

Neither CNSX Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the CNSX Exchange) accepts responsibility for the
adequacy or accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the information
contained herein. The foregoing information contains forward-looking statements
relating to the future performance of Debut Diamonds Inc. Forward-looking
statements, specifically those concerning future performance, are subject to
many risks and uncertainties, and actual results may differ materially from
Debut Diamonds Inc. plans and expectations. These plans, expectations, risks and
uncertainties are detailed herein and from time to time in the filings made by
Debut Diamonds with the CNSX Exchange and securities regulators. Debut Diamonds
does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Debut Diamonds Inc.
Bruce Hodgman
(416) 642-3575
info@debutdiamonds.com
www.DebutDiamonds.com

Debut Diamonds (CSE:DDI)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024

Debut Diamonds (CSE:DDI)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024