Diamond Fields Resources

Diamond Fields International made its second diamond sale of 2005. The 2,373-carat parcel fetched $465,108 at $196 per carat.

Diamond Fields signed a second Inco agreement on Ammassalik nickel. Inco can earn 51% of the property by spending $1-million (U.S.) by Dec. 1, 2007.

Diamond Fields sold its first diamonds from the DF Discoverer. The 1,356-carat sale brought in $275,268 at $203 per carat.

Diamond Fields resumed diamond mining off Luderitz, Namibia. It marks the first time Diamond Fields has produced diamonds with its own vessel.

Diamond Fields closed its private placement on June 3, 2005. It raised $2.5-million in gross proceeds from 10 million units at 25 cents each.

Diamond Fields signed an option and joint venture deal with Inco. Inco can earn 65% by spending $3-million by Dec. 31, 2008.

Diamond Fields will resume production with the DF Discoverer. It arranged a $2-million private placement to fund the ship's restart.

Diamond Fields reported nine-month results ended March 31, 2005. Marine concessions remained suspended, leaving quarterly diamond sales at zero.

Diamond Fields cancelled its brokered placement amid weak markets. It is negotiating alternative financing led by shareholder Jean-Raymond Boulle.

Diamond Fields eliminated royalty obligations owed to Jean-Raymond Boulle. It paid 1.7 million shares to clear royalties across seven countries.