GAYLE ESSARY AND INVESTREND BRING YET ANOTHER DIAMOND IN THE RUFF TO THE INVESTING COMMUNITY:
"China Diamond Corporation had coverage begun by Investrend Research affiliate Objective Capital analyst Sam Kiri, CFA, who, on October 29, 2005, valued the company at $0.12 per share Canadian."
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China Diamond Loses Director And CFO To Resignations / FinancialWire®
May 12, 2006 (FinancialWire) A director and the chief financial officer and corporate secretary of China Diamond Corp. (TSX Venture: CDC) have resigned from their positions.
May 12, 2006 (FinancialWire) A director and the chief financial officer and corporate secretary of China Diamond Corp. (TSX Venture: CDC) have resigned from their positions.
The board of directors said that Lee Barker had resigned as a director of the company effective immediately, citing his increased workload as the president and chief executive officer of Sparton Resources Inc. Barker will remain with company as project development and operations technical advisor.
Ben Au, chief financial officer and corporate secretary of the company, has also tendered his resignation. Au will continue in his current role until May 31, 2006, and will remain with the company as a consultant. The company will conduct a thorough search for a new chief financial officer.
China Diamond’s securities remain halted pending clarification of the company’s affairs.
China Diamond is a London, Ontario-based diamond producer in China and is currently engaged in diamond mining and in the exploration and development of diamond and gold projects in China.
China Diamond Corporation had coverage begun by Investrend Research affiliate Objective Capital analyst Sam Kiri, CFA, who, on October 29, 2005, valued the company at $0.12 per share Canadian.
Objective Capital is a dedicated corporate research firm providing institutional-quality research on under-followed small and mid cap companies. Unlike other providers, Objective focuses entirely on providing widely distributed research coverage of sponsored companies. Its program of high quality, objective corporate research allows quoted companies to ensure that there is always an informed market in their stock.
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Enrollment fees for Objective Capital, London, the independent research house for the 21st century, is $20,000 per annum, and the fees were paid by China Diamond.
More information about China Diamond is available at its InvestorPower page at investrend.com.
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Both Objective Capital and Investrend Research subscribe to the “Standards for Independent Research Providers” at firstresearchconsortium.com and China Diamond has been enrolled in the investor-monitoring program provided by the Shareholders Research Alliance (http://www.shareholdersresearch.com).
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