Key points
- Overseas Private Investment Corp (OPIC), a U.S. government agency, confirmed its commitment to $15 million (U.S.) in project financing for Diamond Fields International.
- The financing will fund the acquisition of Diamond Fields’ own vessels for mining its Luderitz diamond concessions off the coast of Namibia.
- OPIC indicated the financing process will continue forward without delay.
- Francis Waldron, chairman and chief executive officer of Diamond Fields, said OPIC’s continued support is an endorsement of the company’s sea diamonds project.
Overseas Private Investment Corp. (OPIC), a U.S. governmental agency, has confirmed its commitment to the $15-million (U.S.) project financing for the acquisition of Diamond Fields International’s own vessels to be used for mining its Luderitz diamond concessions off the coast of Namibia. OPIC indicated that the financing process would continue forward without delay. Francis Waldron, chairman and chief executive officer of Diamond Fields, stated: “OPIC’s continued support for the company is a great endorsement of our sea diamonds project and its significant potential. We are grateful for their continuing efforts in assisting us in moving our project ahead.”
WARNING: The company relies upon litigation protection for “forward-looking” statements.
