Spirit Resources SARL intends to acquire additional shares of Diamond Fields
International Ltd. through an ordinary course purchase program for
up to additional 5-per-cent share of DFI from time to time, over the next
12 months. Spirit is a privately held investment company,
controlled by Jean-Raymond Boulle. Spirit currently owns and controls
19,389,494, and Boulle currently owns and controls 61,500 common shares
of DFI, collectively representing approximately 30.4 per cent of the issued and
outstanding voting shares of DFI.
Spirit also holds warrants for 882,353 common shares at 25 cents exercisable
on or before Oct. 18, 2012.
All shares will be purchased on the open market through the facilities
of the Toronto Stock Exchange, and payment for the shares will
be made in accordance with TSX policies. The price paid for the shares
will be the market price at the time of purchase. Purchasing may be
suspended at any time.
Spirit intends to acquire additional shares of DFI for investment
purposes. Depending on market and other conditions, Spirit and Boulle
may from time to time in the future increase or decrease their
ownership, control or direction over the DFI shares through market
transactions, private agreements or otherwise.
