Shear Diamonds Ltd.

Shear Diamonds has today signed agreements with Taché Company securing debt financing and forming a strategic alliance under which Taché will purchase the diamond production from Shear's Jericho diamond project in Nunavut. The alliance establishes a mutually beneficial relationship encompassing sales of both rough and polished diamonds from the Jericho mine. Shear will participate in final net profits from Taché's [...]

Shear Diamonds today announces the recovery of the first 200 carats of diamonds from trial tests performed in the recently restarted recovery portion of Shear's 100% owned Jericho Diamond Mine, Nunavut. In addition Shear has completed a new geological interpretation and 3- D Model for the Jericho Kimberlite Complex. "The recoveries are an important part of proving Jericho's real potential, and speaks to the lost [...]

Shear Diamonds today announced the successful partial closing of its $1,050,220 private placement financing, three new corporate officer appointments and the grant of incentive stock options. Subject to final TSX Venture Exchange acceptance, Shear has partially closed a non-brokered private placement on August 19, 2011 for hard dollar gross proceeds of $1,050,220 with the sale of 3,750,786 common shares at a price of [...]