VANCOUVER, BC, Dec. 30, 2021 /CNW/ - Diamond Fields Resources
Inc. (TSXV: DFR) ("DFR" or the "Company") announces that
it will delay the date of its annual, general and special meeting
of shareholders ("ASM"), initially expected to be held prior to
31 December 2021, to a date to be
confirmed in early 2022. The Company applied for and received from
the BC Registry a six month extension to hold the ASM. As such, the
Company will hold the ASM prior to 30 June
2022 to seek shareholder approval to, among other things,
the acquisition of an 80% interest in Moydow Holdings Limited, as
announced on 25 August 2021 (the
"Transaction").
The Company also announces that it has agreed with Panthera
Resources Plc ("Panthera") to extend the closing date of the
agreement between Panthera and DFR in connection with the
Transaction.
About Diamond Fields Resources Inc.
DFR is a TSX Venture Exchange listed exploration and mine
development company with assets in Madagascar and Namibia. In Madagascar, DFR is developing the Beravina
Project, an advanced high grade hard rock zircon exploration
prospect located in the west of the country, approximately 220km
east of the port of Maintirano and close to a state road. DFR
acquired Beravina from Pala Investments and Austral Resources in
2016. In Namibia, the Company owns
several offshore diamond mining licenses including the ML 111
concession which has a ten-year mining license, effective until
4 December 2025. In 2018 and early
2019 mining undertaken by a contractor on the Company's ML111
license area produced two parcels of rough diamonds totaling
47,318.41 carats.
On 25 August 2021 DFR announced
that it had entered into definitive agreements to acquire privately
owned Moydow Holdings Limited ("Moydow") which holds interests in a
number of West African gold exploration projects. Moydow is a
privately owned, BVI registered, West African focused gold
exploration business, which was formed in 2019. At closing Moydow
will be controlled by DFR. Moydow has interests in gold projects in
West Africa; Labola in
Burkina Faso, Kalaka in
Mali, Dagma, Paimasa/Mint and Dext
in Nigeria.
Website: www.diamondfields.com
The Company's public documents may be accessed at
www.sedar.com
Forward-Looking Statements:
Certain statements made in this press release may constitute
forward-looking information under applicable securities laws. These
statements may relate to anticipated events or results and include,
but are not limited to, expectations regarding the date of the
Company's AGM and other statements that are not historical facts.
Particularly, information regarding our expectations of future
results, targets, performance achievements, prospects or
opportunities is forward-looking information. Often, but not
always, forward-looking statements can be identified by the use of
forward-looking terminology such as "may" "will", "expect",
"believe", "estimate", "plan", "could", "should", "would",
"outlook", "forecast", "anticipate", "foresee", "continue" or the
negative of these terms or variations of them or similar
terminology. Forward-looking statements are current as of the date
they are made and are based on applicable estimates and assumptions
made by us at the relevant time in light of our experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors that we believe are
appropriate and reasonable in the circumstances. However, we do not
undertake to update any such forward-looking information whether as
a result of new information, future events or otherwise, except as
required under applicable securities laws in Canada. There can be no assurance that such
estimates and assumptions will prove to be correct.
SOURCE Diamond Fields Resources Inc.