Diamond Fields International Ltd. has released an update.
The company is in discussions with the government of Liberia for
resolution of its arbitration against the government regarding the
company’s Henry Town gold project.
The company recently met with its Atlantis II Red Sea joint venture
partner and updated the joint venture’s action plan for moving forward
with development of the project. Representatives of the company are
scheduled to meet in December with third parties to discuss possible
financing options for the project.
The company is making application for additional offshore mineral
deposits in southern Africa. Applications are being prepared and are
expected to be filed shortly.
The company is also considering options for the further development of
its offshore Namibian concessions and in discussions with a third party
regarding the same.
The Toronto Stock Exchange has notified the company that the TSX
is reviewing the company’s common shares with respect to meeting the
continued listing requirements and that the company has been granted
120 days to regain compliance with those requirements. The company is
working to address the points raised by the TSX. The company is also
exploring financing options, including financing with third parties.
