Key points
- Diamond Fields International executed a promissory note with Spirit Resources SARL, a company beneficially owned by largest shareholder Jean-Raymond Boulle.
- Spirit provided an unsecured loan of $250,000 (U.S.) to the company.
- The note matures on Dec. 21, 2012.
- The company plans to repay Spirit from proceeds of a proposed convertible debenture financing, subject to disinterested shareholder approval at the annual general meeting scheduled for Dec. 20, 2012.
Diamond Fields International Ltd.
has closed
an interim financing with Spirit Resources SARL, a company
beneficially owned by Jean-Raymond Boulle, the company’s largest
shareholder.
The company has executed a promissory note with Spirit, under which
Spirit has provided an unsecured loan to the company in the amount of
$250,000 (U.S.). The note matures
on Dec. 21, 2012. The company intends to repay the debt to Spirit
with a portion of the proceeds from a proposed convertible debenture
financing, which financing is subject to receipt of approval from
disinterested shareholders at Diamond Fields International’s annual general meeting scheduled to
be held Dec. 20, 2012.
