TORONTO, June 8 /CNW/ - Pala Investments Holdings Limited ("Pala")
welcomes the recommendation published by RiskMetrics today with respect to
Pala's proposed changes to the Board of Directors of Rockwell Diamonds Inc.
("Rockwell", TSX: RDI, JSE: RDI, OTCBB: RDIAF).
The independent voting advisory service RiskMetrics Group, a leading
provider of risk management and corporate governance products and services,
has issued its voting recommendations for the upcoming special meeting of
Rockwell shareholders to be held next week. RiskMetrics fully supports the
election of the independent directors proposed in Pala's Proxy Circular.
"The RiskMetrics recommendation highlights the quality of the independent
board proposed by Pala," said Colin Murray, Chief Operations Officer of Pala
Investments AG, advisor to Pala. "The real issue facing Rockwell is the
current lack of leadership. The shareholders meeting to take place next week
provides shareholders with the opportunity to exercise their rights and do
something about the situation."
Additional information on these matters and details about the upcoming
Rockwell shareholders' meeting can be found in the Proxy Circular mailed to
shareholders on May 20, 2009, and available on www.sedar.com.
Pala Investments Holdings Limited, based in Jersey, Channel Islands, is a
US$1.0 billion multi-strategy investment company with a particular focus on
mining and natural resource companies in both developed and emerging markets.
Pala Investments' exclusive investment advisor, Pala Investments AG, is a
Switzerland-based team with extensive experience within the mining and natural
resource sectors. Pala Investments seeks to assist companies in which it has
long-term shareholdings by providing strategic advice and innovative financing
Certain statements in the press release are forward-looking statements
and are prospective in nature. Forward-looking statements are not based on
historical facts, but rather on current expectations and projections about
future events, and are therefore subject to risks and uncertainties which
could cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. These statements
generally can be identified by the use of forward-looking words such as "may",
"should", "will", "could", "intend", "estimate", "plan", "anticipate",
"expect", "believe" or "continue", or the negative thereof or similar
variations. Such statements are qualified in their entirety by the inherent
risks and uncertainties surrounding future expectations. Important factors
that could cause actual results to differ materially from the expectations of
Pala include, among other things, general business and economic conditions
globally or in particular geographic regions in which Rockwell and its
subsidiaries conduct business, the inability to attract and retain qualified
employees, competition, regionally and internationally, changes in law,
disruptions in business operations due to reorganization activities, and
interest rate and foreign currency fluctuations. Such forward-looking
statements should therefore be construed in light of such factors, and Pala is
not under any obligation, and expressly disclaims any intention or obligation,
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Information concerning Rockwell contained in this press release and has
been taken from, or is based upon, publicly available information and records
on file with Canadian securities regulatory authorities and other public
sources. Rockwell has not reviewed this press release and has not confirmed
the accuracy and completeness of the information in respect of Rockwell
contained herein. Although Pala has no knowledge that would indicate that any
statements contained herein concerning Rockwell taken from or based on such
documents and records are untrue or incomplete, neither Pala, nor any of its
affiliates, nor any of their respective directors or officers, assumes any
responsibility for the accuracy or completeness of such information or for any
failure of Rockwell or its directors or officers to disclose events or facts
which may have occurred or which may affect the significance or accuracy of
any such information but which are unknown to it.
For further information:
For further information: Colin Murray, Pala Investments AG,
+41-41-560-9070; Craig Rogers, Northern Shareholder Services, (416) 644-8187;
Katie Clark, Edelman Public Relations, (416) 979-1120 ext. No.231