Diamond Fields Resources

Diamond Fields closed its US$10-million private placement financing. Shares issued at 15 U.S. cents each are under hold until Sept. 16, 2007.

Diamond Fields exercised its option on the Valozoro nickel project. It now owns 100 per cent of the rights, valid until May, 2011.

Diamond Fields International plans to raise up to US$10 million. Shareholders vote June 20 on converting Spirit's $4-million credit facility.

Diamond Fields sold 2,029 carats of marine diamonds at $239 per carat. Total sales revenue was $484,692 (U.S.) for the parcel.

Diamond Fields International completed its continuation to B.C. The move took effect March 27, 2007.

Diamond Fields International posted a record $258/carat sales price. The first DP1 parcel of 1,343 carats sold for $346,342 in Belgium.

Diamond Fields secured a $1.5-million credit facility from Spirit. The deal consolidates its debt to $3.98-million, effective Feb. 20, 2007.

Diamond Fields signed a formal mining agreement with Bonaparte. DFI keeps 70 per cent of revenue from mining licence ML111.

Spirit Resources SARL acquired shares of Diamond Fields International. Boulle now holds about 27% of DFI's shares.

Diamond Fields International's DP1 diamond recoveries beat estimates. It recovered 1,448 diamonds (705 carats) in 8.5 days off Luderitz, Namibia.