Diamond Fields Resources Announces Intention to Change Name to DFR Gold Inc.
Diamond Fields Resources Announces Intention to Change Name to DFR
Gold Inc.
Vancouver, B.C. (24 January 2023) - Diamond Fields Resources Inc. (TSX-
V:DFR) (“DFR” or the “Company”), announces that it intends to change its
name to “DFR Gold inc.” The proposed name change is subject to approval from
the TSX Venture Exchange (the “Exchange”), and the completion of all applicable
regulatory filings. Assuming the satisfaction of these requirements, the
Company intends to issue a subsequent news release confirming the name
change, which is expected to become effective on or around January 30, 2023.
DFR Gold Inc. will continue trading on the Exchange under the same symbol
“DFR”.
John McGloin, CEO of DFR, commented:
“This is a further step in the Company’s transformation as a West African gold
explorer and reflects our commitment to progressing our portfolio, such as the
highly prospective Cascades Project in Burkina Faso.”
No further action is required by shareholders with respect to the name change.
There is no change in the share capital of the Company. The Company's new
CUSIP number is 25241H108 and its new ISIN number is CA25241H1082.
Certificates representing common shares of the Company will not be affected by
the name and will not need to be exchanged.
Diamond Fields Resources Inc.
John McGloin, CEO
Contact: [email protected]
Michael Oke/Andy Mills: +44 20 7321 0000
Aura Financial LLP: www.aura-financial.com
Notes to Editors:
DFR is a TSX Venture Exchange listed exploration and mine development
company focused on gold and other commodities in Africa. Following the
acquisition of Moydow Holdings Limited, DFR holds interests in a portfolio of
West African gold exploration projects including the highly prospective Cascades
gold project (“Cascades”) in Burkina Faso. Cascades has a Mineral Resource
prepared in accordance with NI 43-101 comprising 5.41 million tonnes of
indicated resources at an average grade of 1.52 g/t Au for a total 264,000
ounces of gold: and 6.93 million tonnes of inferred resources at an average
grade 1.67 g/t Au for a total of 371,000 ounces of gold. The report entitled
“Diamond Fields Resources Inc. Please see the Company’s technical report titled
“Amended and Re-stated Technical Report on the Labola Project Burkina Faso”
dated April 2, 2022 for further information regarding Cascades.
In Madagascar, DFR has 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.
Website: www.diamondfields.com
The Company’s public documents may be accessed at www.sedar.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statements:
This release contains certain “forward-looking information” within the meaning of
applicable Canadian securities legislation. All statements other than statements of
historical fact in this release that address activities, events or developments that
DFR expects or anticipates will or may occur in the future are forward-looking
statements or information. Often, but not always, forward-looking information can
be identified by the use of words such as “aim”, “aspire”, “strive”, “will”, “expect”,
“intend”, “plan”, “believe” or similar expressions as they relate to DFR. Forward-
looking information is subject to a variety of risks and uncertainties which could
cause actual events or results to materially differ from those reflected in the
forward-looking information.
There are a number of important factors that could cause DFR’s actual results to
differ materially from those indicated or implied by forward-looking statements
and information. Such factors include, among others: the ability to obtain requisite
regulatory approvals; commodity prices; the gold exploration and mining industry
in general; the potential impact of the announcement on relationships; including
with regulatory bodies, employees; suppliers, customers and competitors;
changes in general economic, business and political conditions, including changes
in the financial markets; changes in applicable laws; and compliance with
extensive government regulation. Should one or more of these risks, uncertainties
or other factors materialize, or should assumptions underlying the forward-looking
information or statement prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, believed, estimated or
expected.
DFR c autions that the foregoing list of material factors is not exhaustive. When
relying on DFR’s forward-looking statements and information to make decisions,
shareholders should carefully consider the foregoing factors and other
uncertainties and potential events. DFR has assumed that the material factors
referred to in the previous paragraph will not cause such forward looking
statements and information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject to change and
there can be no assurance that such assumptions will reflect the actual outcome
of such items or factors. The forward-looking information contained in this release
represents the expectations of DFR as of the date of this release and, accordingly,
is subject to change after such date. Readers should not place undue importance
on forward looking information and should not rely upon this information as of any
other date. While DFR may elect to, it does not undertake to update this
information at any particular time except as required in accordance with applicable
laws.