Key points
- Diamond Fields received a six-month extension from the BC Registry to hold its ASM by June 30, 2022.
- The meeting will seek approval for the 80-per-cent Moydow Holdings acquisition announced Aug. 25, 2021.
- Diamond Fields agreed with Panthera Resources PLC to extend the closing date of their transaction agreement.
- Diamond Fields holds the ML 111 offshore diamond licence in Namibia, effective until Dec. 4, 2025.
Diamond Fields Resources Inc. will delay the date of its annual, general and special meeting of shareholders, initially expected to be held prior to Dec. 31, 2021, to a date to be confirmed in early 2022. The company applied for and received from the BC Registry a six-month extension to hold the ASM. As such, the company will hold the ASM prior to June 30, 2022, to seek shareholder approval to, among other things, the acquisition of an 80-per-cent interest in Moydow Holdings Ltd., as announced on Aug. 25, 2021.
The company has agreed with Panthera Resources PLC to extend the closing date of the agreement between Panthera and Diamond Fields in connection with the transaction.
About Diamond Fields Resources Inc.
Diamond Fields is a TSX Venture Exchange-listed exploration and mine development company with assets in Madagascar and Namibia. In Madagascar, the company is developing the Beravina project, an advanced high-grade hard rock zircon exploration prospect located in the west of the country, approximately 220 kilometres east of the port of Maintirano and close to a state road. Diamond Fields acquired Beravina from Pala Investments and Austral Resources in 2016. In Namibia, the company owns several offshore diamond mining licences including the ML 111 concession which has a 10-year mining licence, effective until Dec. 4, 2025. In 2018 and early 2019 mining undertaken by a contractor on the company’s ML111 licence area produced two parcels of rough diamonds totalling 47,318.41 carats.
On Aug. 25, 2021, the company announced that it had entered into definitive agreements to acquire privately owned Moydow Holdings, which holds interests in a number of West African gold exploration projects. Moydow is a privately owned, BVI-registered, West African-focused gold exploration business, which was formed in 2019. At closing Moydow will be controlled by Diamond Fields. Moydow has interests in gold projects in West Africa; Labola in Burkina Faso, Kalaka in Mali, Dagma, Paimasa/Mint and Dext in Nigeria.
