The company is also changing its name to Prima Diamond, subject to TSX Venture Exchange approval.
Prima president and CEO Robert Bick said: "Diamond exploration in Canada is attracting increased attention with world diamond supplies dwindling as several of the bigger mines decrease production while the demand for diamonds is increasing with particular growth in China and India."
Located within 5kms of the Kennady diamond kimberlite cluster, Godspeed is under-explored over other properties and is claimed to have potential to discover additional kimberlites.
Diamondiferous kimberlites were identified in 1991 in the Slave province and Ekati, Diavik and Snap Lake diamond mines have positioned Canada as the third largest diamond producer in the world, by value.
Gahcho Kué, a new diamond mine, is scheduled to commence production in 2016.
