Business
Diamond Fields: Closing of US$10 Million Private Placement
Diamond Fields: Closing of US$10 Million Private Placement.
About this update from Dfr Gold Inc
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION\n\n\nIN THE UNITED STATES/\n\n\nSYMBOL: DFI\n\n\nCAPE TOWN, May 15 /CNW/ - Diamond Fields International Ltd. (DFI:TSX)\n("DFI" or the "Company") is pleased to announce that the Company has today\nclosed the private placement of shares through Ferris, Baker Watts Inc.\npreviously announced on May 3, 2007. The private placement was fully\nsubscribed and accordingly the Company issued a total of 66,666,666 common\nshares at a price of US$0.15 per share for aggregate gross proceeds of\nUS$10 million. The Company will pay an aggregate of US$600,000 in placement\nagent fees for the private placement and financial advisory fees, representing\n6% of the gross proceeds of the private placement.\n\n\nNet proceeds of the private placement will be applied towards advancing\nthe Company's exploration projects and for general working capital.\n\n\nAll shares issued under the private placement are subject to a four-month\nhold period in Canada expiring on September 16, 2007, in addition to any other\nrestrictions imposed by foreign securities laws.\n\n\nDATED May 15, 2007.\n\n\nDIAMOND FIELDS INTERNATIONAL LTD.\n\n\n"Roger J. Daniel"\n\n\nRoger J. Daniel, President and CEO\n\n\nWebsite: www.diamondfields.com\n\n\nTHIS NEWS RELEASE IS NOT AN OFFER OF SECURITIES\n\n\nThis news release does not constitute an offer to sell or a solicitation\nof an offer to buy any of the Company's securities in the United States. The\nsecurities have not been and will not be registered under the United States\nSecurities Act of 1933, as amended (the "1933 Act"), or any state securities\nlaws and may not be offered or sold within the United States or to U.S.\npersons unless registered under the 1933 Act and applicable state securities\nlaws, or an exemption from such registration is available. Any public offering\nof securities in the United States must be made by means of a prospectus that\ncontains detailed information about the Company and its management, as well as\nfinancial statements.\n\n\nForward-Looking Statements:\n\n\nStatements in this release that are forward-looking statements are\nsubject to various risks and uncertainties concerning the specific factors\nidentified in the Company's periodic filings with Canadian Securities\nRegul...