Business
Diamond Fields International Ltd. - Rights Offering
Diamond Fields International Ltd. - Rights Offering.
About this update from Dfr Gold Inc
[{"type":"text","content":"\n\n\n\nSYMBOL: DFI\n\n\nCAPE TOWN, South Africa, Dec. 18 /CNW/ - Diamond Fields International\nLtd. (DFI:TSX) (\"DFI\" or the \"Company\") is pleased to announce that it has\nreceived applicable Canadian regulatory approvals for and is proceeding with\nthe proposed rights offering (the \"Rights Offering\") originally announced in\nthe Company's news release dated September 1, 2006. The Rights Offering is\nbeing made to shareholders resident in Canada and shareholders resident in\neligible offshore jurisdictions (collectively, \"Eligible Shareholders\").\n\n\nUnder the Rights Offering, each shareholder of record on December 28,\n2006 (the \"Record Date\") will receive one transferable right (\"Rights\") for\nevery common share of the Company held. 4.041 Rights will entitle Eligible\nShareholders to purchase one common share of the Company at the subscription\nprice of $0.09, until the expiration of the Rights Offering which shall be\n4:00 p.m., Toronto time, on January 30, 2007 (the \"Rights Expiry Date\").\n\n\nThe Rights will be posted for trading, and the Company's common shares\nwill commence trading on the Toronto Stock Exchange (\"TSX\") on an ex-rights\nbasis, at market open on December 22, 2006. The Rights will trade under the\nsymbol \"DFI.RT\".\n\n\nIn the event that all of the Rights are exercised, the Company will\nreceive gross proceeds of approximately $2,523,297, which will be used to fund\nthe completion of the Company's mining vessel dry docking, upgrade and\nmaintenance program, to continue the Liberian diamond and gold exploration\nprojects, to pay for the expenses of the Rights Offering and for general\nworking capital and administrative expenses.\n\n\nA detailed Rights Offering Circular and Rights Certificate will be mailed\nto all Eligible Shareholders on or about January 3, 2007 and will also be\navailable on the SEDAR website at www.sedar.com. Computershare Investor\nServices Inc., as subscription agent under the Rights Offering, has agreed to\nsell the Rights of all ineligible shareholders on a best-efforts basis on\ntheir behalf and to remit the pro rata net proceeds (if any) from such sale to\nthe ineligible shareholders following completion of the Rights Offering.\nShareholders should refer to the detailed Rights Offering Circular for the\nterms and conditions of the Rights Offering.\n\n\nThe Company ...