Diamond Fields: Proposed 1:5 Share Consolidation

About this update from Dfr Gold Inc

[{"type":"text","content":"\n\n\n\nSYMBOL: DFI\n\n\nCAPE TOWN, South Africa, Nov. 5 /CNW/ - Diamond Fields International Ltd.\n(DFI:TSX) ("DFI" or the "Company") announces that at its 2007 Annual and\nExtraordinary General Meeting scheduled for December 3, 2007 (the "Meeting"),\nshareholders will vote on an ordinary resolution to approve a consolidation of\nthe Company's common shares on the basis of one (1) post-consolidation share\nfor every five (5) pre-consolidation shares (the "Consolidation"). If the\nresolution is approved by a majority of shareholders at the Meeting, the\ndirectors of the Company will have the authority to implement the\nConsolidation at any time prior to September 30, 2008, subject to completion\nof necessary filings with the Toronto Stock Exchange.\n\n\nThe Company currently has 234,506,715 issued and outstanding common\nshares. After giving effect to the proposed Consolidation, the Company's\noutstanding shares would be reduced by a factor of five to approximately\n46.9 million shares. Outstanding stock options and warrants would similarly be\nadjusted by the Consolidation ratio.\n\n\nDetails of the Consolidation are contained in the Company's information\ncircular dated October 18, 2007 which was been mailed to shareholders on\nNovember 5, 2007, and has been filed on the SEDAR website (www.sedar.com).\n\n\nDATED November 5, 2007.\n\n\nDIAMOND FIELDS INTERNATIONAL LTD.\n\n\n"Roger J. Daniel"\n\n\nRoger J. Daniel, President and CEO\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\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 other than in accordance with applicable law.\n\n\n","length":2176,"tagName":"div"}]

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