Diamond Fields Announces Extension of ASM and Moydow Transaction Agreement
Diamond Fields Announces Extension of ASM and Moydow Transaction Agreement
Vancouver, B.C. (December 30, 2021) – Diamond Fields Resources Inc. (TSX‐V: 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.
Ends
DIAMOND FIELDS RESOURCES INC.
Sybrand van der Spuy, CEO and Director
Contact: +27 78 4558700
Michael Oke/Andy Mills: +44 20 7321 0000
Aura Financial LLP: www.aura‐financial.com
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.