VANCOUVER, Nov. 13, 2012 /CNW/ - Diamond Fields International Ltd. (TSX:
DFI) ("DFI" or the "Company") releases this update.
The Company is in discussions with the Government of Liberia for
resolution of its arbitration against the Government regarding the
Company's Henry Town gold project.
The Company recently met with its Atlantis II Red Sea joint venture
partner and updated the joint venture's action plan for moving forward
with development of the project. Representatives of the Company are
scheduled to meet in December with third parties to discuss possible
financing options for the project.
The Company is making application for additional offshore mineral
deposits in southern Africa. Applications are being prepared and are
expected to be filed shortly.
The Company is also considering options for the further development of
its offshore Namibian concessions and in discussions with a third party
The Toronto Stock Exchange (TSX) has notified the Company that the TSX
is reviewing the Company's common shares with respect to meeting the
continued listing requirements and that the Company has been granted
120 days to regain compliance with those requirements. The Company is
working to address the points raised by the TSX. The Company is also
exploring financing options, including financing with third parties.
DIAMOND FIELDS INTERNATIONAL LTD.
SIGNED: Ian Ransome
Ian Ransome, Chief Executive Officer
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors identified in Diamond Fields' periodic filings with Canadian
Securities Regulators. Such forward-looking information represents
management's best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results
may vary materially. Diamond Fields does not assume the obligation to
update any forward-looking statement, except as otherwise required by
SOURCE: Diamond Fields International Ltd.
For further information:
Ian Ransome or Earl Young at + 1 604 685 9911