UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K


                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

DATE  OF  REPORT:  (DATE  OF  EARLIEST  EVENT  REPORTED):  JUNE  18,  2004


                         OTISH MOUNTAIN DIAMOND COMPANY
                         ------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



          NEVADA                   000-32747                  98-0218688
- ----------------------------    ----------------        --------------------
(STATE OR OTHER JURISDICTION      (COMMISSION               (IRS EMPLOYER
     OF  INCORPORATION)           FILE  NUMBER)          IDENTIFICATION  NO.)



   ONE PENN PLAZA, 250 WEST 34TH STREET, SUITE 3600, NEW YORK, NEW YORK 10119
   --------------------------------------------------------------------------
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)


                                 (212)849-6849
                                 -------------
                            (ISSUER TELEPHONE NUMBER)


                                       N/A
                            ------------------------
                            (FORMER NAME AND ADDRESS)



ITEM  1.          CHANGES  IN  CONTROL  OF  REGISTRANT

On  June  18,  2004,  Philipp  Buschmann  cancelled  1,000,000  shares  of  the
Registrant's Series A Preferred Stock having fifteen (15) votes per share (or an
aggregate  of 15,000,000) votes in exchange for $1,000 (or $.001 per share).  In
addition  to  the  Series A Preferred Stock, there were 35,407,811 shares of the
Registrant's common stock issued and outstanding on June 18, 2004.  Prior to the
cancellation,  Mr.  Buschmann  owned  29.8%  of the eligible votes and exercised
significant  control  over  the  Registrant.

Subsequent  to  the  cancellation  discussed  above,  the  Registrant's  largest
shareholder  is  Massimiliano  Pozzoni, the Registrant's Chief Executive Officer
and  a  member of its Board of Directors.  Mr. Pozzoni owns 5,500,000 shares (or
15.5%)  of the Registrant's common stock and will exercise significant influence
over  the   Registrant.   The   Registrant's   next   largest  shareholder  owns
approximately  7.8%.  Mr. Pozzoni is also a Director of Falcon Natural Gas Corp.

                                   Signatures

Pursuant  to  the  requirement  of  the  Securities  Exchange  Act  of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.

Otish  Mountain  Diamond  Company

June  25,  2004


/s/  Massimiliano  Pozzoni
- --------------------------
Massimiliano  Pozzoni
Chief  Executive  Officer