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Diamond Fields International Ltd. - Annual Financial Statements Filed, Removal of Management Cease Trade Orders and Rights Offering Update
Diamond Fields International Ltd. - Annual Financial Statements Filed, Removal of Management Cease Trade Orders and Rights Offering Update.
About this update from Dfr Gold Inc
[{"type":"text","content":"\n\n\n\n\nSYMBOL: DFI\n\nCAPE TOWN, South Africa, Nov. 3 /CNW/ - Diamond Fields International Ltd.\n(DFI:TSX) (\"DFI\" or the \"Company\") is pleased to announce that, further to its\nDefault Status Report dated October 26, 2006, the Company filed on October 27,\n2006 its annual audited financial statements and management's discussion and\nanalysis for its fiscal year ended June 30, 2006, and on October 31, 2006 the\nCompany filed its annual information form for such period. As a result, the\nmanagement cease trade orders issued by the British Columbia Securities\nCommission and the Ontario Securities Commission were revoked on November 1\nand 2, 2006, respectively.\nDFI is also pleased to announce that in connection with the previously\nannounced standby guarantee agreement between the Company and Spirit Resources\nSARL (\"Spirit\"), Spirit has advanced to the Company an additional\n$1.2 million, for an aggregate of $1.7 million funds advanced to date, to be\napplied towards Spirit's participation in the proposed rights offering of the\nCompany. Such advance will, pending completion of the rights offering,\nconstitute a non-interest bearing loan from Spirit to the Company. Please\nrefer to the Company's news release dated September 1, 2006 for further\ndetails on the standby guarantee agreement and Spirit's participation in the\nrights offering.\nWith the receipt of the additional funds from Spirit, the Company is\ncompleting the dry-docking, maintenance and repair of the mv DF Discoverer and\nits return to service is imminent.\n\nDATED November 3, 2006.\n\nDIAMOND FIELDS INTERNATIONAL LTD.\n\n\"Roger Daniel\"\n\nRoger J. Daniel, President and CEO\n\nForward-Looking Statements:\n\nStatements in this release that are forward-looking statements are\nsubject to various risks and uncertainties concerning the specific factors\nidentified in Diamond Fields' periodic filings with Canadian Securities\nRegulators. Such forward-looking information represents management's best\njudgment based on information currently available. No forward-looking\nstatement can be guaranteed and actual future results may vary materially.\nDiamond Fields does not assume the obligation to update any forward-looking\nstatement.\n\n\n","length":2261,"tagName":"div"}]