Key points
- Diamond Fields is trying to file its third quarter 2006 interim financial statements by Tuesday, May 23, 2006.
- The delay is due to logistical and systems problems during the relocation of its head office from Vancouver to Cape Town, South Africa.
- The British Columbia Securities Commission may issue a cease trade order if the statements are not filed by 11:30 a.m. Pacific Standard Time on May 23, 2006.
- Diamond Fields and Moydow Mines International announced an agreement effective Feb. 28, 2006 under which Moydow securityholders will exchange their securities for Diamond Fields securities.
Diamond Fields International Ltd.
is making every effort to
complete and file its interim financial statements for third quarter of 2006 on
Tuesday, May 23, 2006. As reported in its news in Stockwatch on May 18, 2006, the
delay is due to logistical and systems problems encountered during the
relocation of its head office from Vancouver to Cape Town, South Africa. The
British Columbia Securities Commission has advised the company that a cease
trade order may be issued before the close of business (Pacific Standard Time) on Tuesday,
May 23, 2006, in the event that the financial statements are not filed before
11:30 a.m. (Pacific Standard Time) on that date.
Diamond Fields International and Moydow Mines International Inc.
announced in press releases dated March 1,
2006 (in Stockwatch), that they had reached an agreement effective Feb. 28, 2006, pursuant
to which Moydow securityholders will exchange their Moydow securities for
securities of Diamond Fields. The acquisition remains
subject to various conditions, as previously announced. Moydow, like Diamond
Fields, is engaged in mineral exploration and development around the world.
