Vancouver, British Columbia--(Newsfile Corp. - July 15, 2024) - Canterra Minerals Corporation (TSXV:CTM) (OTCQB: CTMCF) ("Canterra" or the "Company") is pleased to announce it has entered into a Definitive Agreement dated July 10, 2024 (the "Agreement") with Star Diamond Corporation (DIAM: TSX) ("Star Diamond"), whereby Star Diamond will acquire a 100% interest in the Buffalo Hills Diamond Project (the "Project") in north central Alberta, Canada from Canterra.

In accordance with the terms of the Agreement, Canterra will sell the Project to Star Diamond in exchange for an aggregate nominal consideration of 17,500,000 common shares (the "Consideration Shares") of Star Diamond, representing an implied purchase price of $1.13 million. One half of the Consideration Shares are subject to a 12-month lock-up period and all of the Consideration Shares are subject to a customary four-month hold period. In addition to the Consideration Shares, Canterra will receive a 1% royalty interest in the Project. see & read more on
https://www.newsfilecorp.com/release/216465/