VANCOUVER, Dec. 14 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces that Dr. John
Bristow has resigned from the position as President and CEO of the
The Board of Directors has had in place over the last year a senior
corporate management growth strategy initiative, which has involved the
successful recruitment of a new Chief Operational Officer (COO), Chief
Financial Officer (CFO) and other senior operational and financial
management. As part of this process, the Company plans to complete the
engagement of an experienced senior executive as President and CEO who
has equal financial and operational background. In the interim, the COO
and CFO are reporting to a Board Committee.
The Board is also in discussion with Dr. Bristow, who remains as a
Director, to provide consulting services to the Company to maintain
continuity during the transition period.
The Board wishes to extend its thanks to Dr. Bristow for a sustained
effort and unflinching commitment to Rockwell Diamonds' success, and
wish him well in his next endeavors.
On Behalf of the Board
David J. Copeland
About Rockwell Diamonds
Rockwell has three alluvial diamond operations in Northern Cape Province
in South Africa: the Holpan and Klipdam mines located north of
Kimberley and the Saxendrift mine located on the Middle Orange River
("MOR") southwest of Kimberley. The Company is also conducting a bulk
sampling project at Klipdam Extension east of the Klipdam mine. Its
Wouterspan mine, also located on the MOR, is currently on care and
maintenance. In addition, Rockwell in the process of acquiring the
Tirisano project, located in the well-known Ventersdorp alluvial
diamond district in the North West Province of South Africa, from
Etruscan Diamonds Limited.
No regulatory authority has approved or disapproved the information
contained in this news release.
Forward Looking Statements
This release includes certain statements that may be deemed
"forward-looking statements". Other than statements of historical fact
all statements in this release that address future production, reserve
or resource potential, exploration drilling, exploitation activities
and events or developments that each Company expects are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
from those in the forward-looking statements. There is no certainty of
the financing completing. Factors that could cause actual results to
differ materially from those in forward-looking statements include
market prices, exploitation and exploration successes, changes in and
the effect of government policies regarding mining and natural resource
exploration and exploitation, availability of capital and financing,
geopolitical uncertainty and political and economic instability, and
general economic, and market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected in the forward-looking statements. For
more information on Rockwell, Investors should review Rockwell's annual
Form 20-F filing with the United States Securities and Exchange
Commission www.sec.com and the Company's home jurisdiction filings that are available at www.sedar.com.
SOURCE Rockwell Diamonds Inc.
For further information: For further information:
For further information on Rockwell and its operations in South Africa, please contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.