6910 search
Rockwell Diamonds Inc.
TORONTO RDI.TO 0,06 CA$ 20,00%
Logo

Rockwell Diamonds issues warrants to Ascot Diamonds Proprietary Limited and Emerald Holdings Limited

Publié le 24 décembre 2015

VANCOUVER, Dec. 24, 2015 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI) announces that further to the previously announced restructuring of debt owed by the Company to Ascot Diamonds Proprietary Limited ("Ascot") and Emerald Holdings Ltd. ("Emerald"), and further to shareholder approval for, among other things, the issuance by Rockwell of up to 31,783,651 common share purchase warrants ("Warrants"), the Company has issued 18,952,316 Warrants to Ascot and 2,362,924 Warrants to Emerald at an exercise price of $0.20.

For further information on Rockwell and its operations in South Africa, please contact

James Campbell                  

CEO                                              

+27 (0)83 457 3724

Stéphanie Leclercq              

Investor Relations                           

+27 (0)83 307 7587

David Tosi                           

PSG Capital – JSE Sponsor            

+27 (0)21 887 9602

About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond production company. The Company's flagship mine is the Saxendrift Mine, in the Middle Orange River. It has recently built two new internally funded mines in the Middle Orange river region, namely the Saxendrift Hill Complex and the Niewejaarskraal Mine which are both in production. Rockwell also has a development project and a pipeline of earlier stage properties with future development potential. The operations are based on high throughput processing capability and Saxendrift has among the lowest unit costs in the industry as a result of implementing fit for purpose technologies.

The Company is known for producing large, high quality gemstone comprising a major portion of its diamond recoveries that is enhanced through a beneficiation joint venture that enables it to participate in the profits on the sale of the polished diamonds.

Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral resources and production profile and to provide accretive value to the Company.

No regulatory authority has approved or disapproved the information contained in this news release.

Forward Looking StatementsExcept for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

Les autres articles de la compagnie
Debt-heavy Rockwell juggles operating costs, repayment oblig
Diamond prices down on market weakness – Rockwell
Rockwell scrapes through tough fiscal first quarter a transf
Rockwell to focus on production profile as Saxendrift output
Rockwell Q4 results impacted by lower grades, sales
Dans la même rubrique
Why It's So Hard to Put a Price on the World's Biggest Diamo
22/12/15 00:00
Is It Too Soon To Buy Rolls-Royce Holding PLC, Imagination T
15/12/15 13:15
Petra Diamonds raises $86.2m as rare pink diamond boosts sal
11/12/15 10:03
Petra Diamonds makes $86.2m in second tender
11/12/15 08:41
Will 2015’s Losers WM Morrison Supermarkets PLC & Petra Diam
09/12/15 13:43
Petra Diamonds sells rare pink stone for $10m
09/12/15 10:15
Articles en illimité et contenus premium Je m'abonne
Editoriaux
et Nouvelles
Actions
Minières
Or et
Argent
Marchés La Cote
search 6910
search