Further
to Diamond Fields International Ltd.’s news in Stockwatch dated Oct. 26, 2006, the company filed on
Nov. 23, 2006, its interim financial statements for the three months
ended Sept. 30, 2006, and management’s discussion and analysis.
Accordingly, the company is now permitted to proceed with its filings
with Canadian securities regulators in connection with the previously
announced proposed rights offering. Further details on the proposed
rights offering will be announced separately in due course.
Diamond Fields is also pleased to announce that in connection with the previously
announced standby guarantee agreement between the company and Spirit
Resources SARL, Spirit has advanced to the company an
additional $100,000, for a total of $1.8-million
advanced to date, to be applied toward Spirit’s participation in the
proposed rights offering of the company. Such advance will, pending
completion of the rights offering, constitute a non-interest-bearing
loan from Spirit to the company. Please refer to the company’s news
in Stockwatch dated Sept. 1, 2006, for further details on the standby
guarantee agreement and Spirit’s participation in the rights offering.
With the receipt of the additional funds from Spirit, the company has
completed the dry-docking, maintenance and repair of the mv DF
Discoverer and the vessel resumed mining operations offshore Luderitz,
Namibia, on Nov. 19, 2006.
