Key points
- Spirit Resources SARL acquired 19,575,844 shares of Diamond Fields International through DFI’s rights offering.
- Spirit provided $1,761,825.96 of the approximately $2,523,297 raised, under a standby guarantee agreement with DFI.
- Spirit is controlled by DFI major shareholder Jean-Raymond Boulle, who now beneficially holds 38,174,305 common shares of DFI.
- Boulle’s holding represents about 27 per cent of DFI’s 141,332,646 issued and outstanding shares.
Spirit Resources SARL
has acquired 19,575,844 shares
of Diamond Fields International Ltd. (DFI), pursuant to DFI’s rights offering
announced in Stockwatch on Dec. 18, 2006, and Jan. 24, 2007.
Pursuant to a standby guarantee agreement entered into between Spirit and
DFI in connection with the rights offering, of the approximately $2,523,297
raised in the rights offering, a total of $1,761,825.96 was provided by
Spirit through the exercise of its basic and additional subscription
privileges for the issue of 19,575,844 shares under the rights offering.
Spirit is controlled by DFI’s major shareholder, Jean-Raymond Boulle,
who, following completion of the rights offering, beneficially holds, directly
or indirectly, 38,174,305 common shares of DFI, representing approximately 27 per cent
of DFI’s 141,332,646 issued and outstanding shares.
These securities will be held for investment purposes. Mr. Boulle may,
depending on market and other conditions, increase or decrease his beneficial
ownership of DFI securities, whether in the open market, by privately
negotiated agreements or otherwise, subject to a number of factors, including
general market conditions, and other available investments and business
opportunities.
