At Diamond Fields International Ltd.’s 2007 annual and
extraordinary general meeting scheduled for Dec. 3, 2007, shareholders will vote on an ordinary resolution to approve a consolidation of
the company’s common shares on the basis of one postconsolidation share
for every five preconsolidation shares. If the
resolution is approved by a majority of shareholders at the meeting, the
directors of the company will have the authority to implement the
consolidation at any time prior to Sept. 30, 2008, subject to completion
of necessary filings with the Toronto Stock Exchange.
The company currently has 234,506,715 issued and outstanding common
shares. After giving effect to the proposed consolidation, the company’s
outstanding shares would be reduced by a factor of five to approximately
46.9 million shares. Outstanding stock options and warrants would similarly be
adjusted by the consolidation ratio.
Details of the consolidation are contained in the company’s information
circular dated Oct. 18, 2007, which was been mailed to shareholders on
Nov. 5, 2007, and has been filed on the SEDAR website.
