Diamond Fields Closes $200,000 Financing, Advises of Change of Listing Status, and Confirms Certain Securities to be Held in ...
Date : 05/16/2013 @ 5:28PM
Source : PR Newswire (Canada)
Stock : Diamond Field IN J (DFI)
Quote : 0.03 0.0 (0.00%) @ 2:05AM
Diamond Fields Closes $200,000 Financing, Advises of Change of Listing Status, and Confirms Certain Securities to be Held in ...
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Diamond Fields (TSX:DFI)
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SYMBOL: DFI

VANCOUVER, May 16, 2013 /CNW/ - Diamond Fields International Ltd. (DFI:TSX) wishes to announce the following.

Cdn$200,000 Private Placement Closed

The Company has closed the private placement announced in a News Release dated May 13, 2013. On May 14, 2013 the Company received conditional acceptance from the TSX Venture Exchange (the "TSX-V") to close the private placement. Accordingly, on May 15, 2013, the Company issued a total of 8,000,000 Units at $0.025 per Unit, each Unit consisting of one common share and one share purchase warrant, each warrant entitling the holder to purchase one additional common share at $0.05 on or before May 14, 2014, and thereafter at $0.10 per share on or before May 14, 2016.

These shares, including any shares issued on exercise of the warrants will be subject to a hold period under applicable Canadian securities laws expiring on September 15, 2013, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.


Change of Listing Status

The TSX-V has confirmed that effective at market open on Tuesday, May 21, 2013 (the "Listing Date"), the Company will commence trading as a Tier 2 Issuer on the TSX-V. This provides a streamlined continuance of trading for the Company's stock.

As previously announced, the Company's shares will be delisted from trading on the Toronto Stock Exchange at the close of business on Friday, May 17, 2013.

SX Delisting Review - Diamond Fields International Ltd. (Symbol: DFI)
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TORONTO, May 9, 2013 /CNW/ - DELISTING REVIEW Diamond Fields International Ltd. (the "Company") - Further to TSX Bulletin 2013-0404 dated April 25, 2013, the common shares (Symbol: DFI) will now be delisted at the close of business on Friday May 17, 2013 for failure to meet the continued listing requirements of TSX.

Afri-Can's technical team is well advanced with the revision and assessment of
the extensive database and work programs planned for the Mining Leases under
option with Diamond Fields International Ltd. ("DFI"). The main goal is to
resume production as soon as possible.

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA) today
announced that it will proceed with and close a non-brokered private placement
for gross proceeds of a maximum of $200,000 ("the Offering"). Afri-Can has
received commitments for the full amount of $ 200,000.