Diamond Fields Resources

Spirit Resources SARL raised its stake in Diamond Fields International. It exercised a warrant for 6,349,206 shares at 3.15 cents.

Diamond Fields invoked binding arbitration against partner Manafa. Manafa has cancelled the deal, alleging DFI failed to perform its obligations.

Diamond Fields completed a prefeasibility study on Namibian ML 111. Chairman Michael Cuthbert resigned effective immediately.

Diamond Fields secured a marine phosphate exploration licence. The licence covers 47,468 sq km off South Africa's southwestern Cape for five years.

Diamond Fields shareholders approved a notice and access regime. The amended articles were SEDAR filed on Dec. 11, 2013.

Afri-Can Marine signed a mining MOU with IMDH for Namibia's ML 111. IMDH will run an 800-sample program funded by Afri-Can by March 1, 2014.

Afri-Can Marine's NI 43-101 report estimates ML 111 resources. Indicated resource stands at 413,000 carats, inferred at 453,000.

Diamond Fields adopts an advance notice policy for board nominations. Shareholder nominee notices are due 30 to 65 days before an AGM.

Diamond Fields closed a Cdn$1,000,000 financial arrangement. Spirit converted a $500,000 debenture and exercised warrants for $500,000 cash.

Diamond Fields grants stock options to eligible participants. The 3.65-million-share grant is priced at 10 cents, expiring July 18, 2018.