Business
Spirit Resources SARL Advises of Intention to Acquire Additional Diamond Fields Shares
Mar. 7, 2011 (Canada NewsWire Group) -- SYMBOL: DFI VANCOUVER, March 7 /CNW/ - Diamond Fi...
About this update from Dfr Gold Inc
[{"type":"text","content":"\n\n\n Mar. 7, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nSYMBOL: DFI\n\n\nVANCOUVER, March 7 /CNW/ - Diamond Fields International Ltd. (TSX: DFI)\n ("DFI" or the "Company") has been advised by Spirit Resources Sarl\n ("Spirit") that it intends to acquire additional shares of the Company\n through an ordinary course purchase program for up to additional 5%\n share of DFI from time to time, over the next twelve months. Spirit is\n a privately held investment company, controlled by Jean-Raymond Boulle.\n Spirit currently owns and controls 19,389,494 and Boulle currently owns\n and controls 61,500 common shares of DFI, collectively representing\n approximately 30.4% of the issued and outstanding voting shares of DFI.\n Spirit also holds warrants for 882,353 common shares @ $0.25\n exercisable on or before October 18, 2012.\n\n\n\nSpirit disseminated a Press Release on March 7, 2011 regarding this\n matter, and confirmed therein that all DFI shares will be purchased on\n the open market through the facilities of the Toronto Stock Exchange\n ("TSX"), and payment for the shares will be made in accordance with TSX\n policies. The price paid for the shares will be the market price at the\n time of purchase. Purchasing may be suspended at any time. Spirit\n intends to acquire additional shares of DFI for investment purposes.\n Depending on market and other conditions, Spirit and Boulle confirmed\n in the Press Release that they may from time ...