Business
Diamond Fields Reports Latest Diamond Sale
Diamond Fields Reports Latest Diamond Sale.
About this update from Dfr Gold Inc
[{"type":"text","content":"\n\n\n\n\nSYMBOL: DFI\n\nCAPE TOWN, South Africa, May 4 /CNW/ - Diamond Fields International Ltd.\n(TSX: DFI) (\"DFI\" or the \"Company\") is pleased to announce the result of its\nlatest sale of 95% gem quality diamonds recovered from its Namibian marine\noperations. 2,630 carats of diamonds were sold in late April at an average\nprice of US$200.00 per carat for gross proceeds of US$526,149.\nRoger Daniel, President and CEO of Diamond Fields commented: \"This sale\nagain confirms the quality of DFI's marine diamond resource. The diamonds sold\nin the latest parcel were mined in the Diaz Reef section of Diamond Fields'\nlicenses. The sale included 2 stones classified as 'fancy colours': a pink\nstone weighing 0.45 carats and a light blue stone of 1.70 carats, which\ncombined, sold for a total of US$28,889 with the blue stone fetching a price\nof US$16,434 per carat - a new record price per carat for diamonds recovered\nfrom our Namibian project area.\"\nDiamond Fields International Ltd. and Moydow Mines International Inc.\n(TSX: MOY) (AIM: MOY) (\"Moydow\") announced in press releases dated March 1,\n2006 that they had reached an agreement effective February 28th, 2006 (the\n\"Agreement\") pursuant to which Moydow security holders will exchange their\nMoydow securities for securities of Diamond Fields (the \"Acquisition\"). The\nAcquisition is subject to various conditions as previously announced. Moydow,\nlike Diamond Fields, is engaged in mineral exploration and development\nworldwide.\n\nDIAMOND FIELDS INTERNATIONAL LTD.\n\n\"Roger J. Daniel\"\n\nRoger J. Daniel, President and CEO\n\n\nForward-Looking Statements:\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\n","length":2193,"tagName":"div"}]