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VANCOUVER, July 22, 2016 /CNW/ - Rockwell Diamonds Inc. (TSX: RDI; JSE: RDI) shareholders are hereby advised that Rockwell's abridged annual report, containing the abridged financial statements for the year ended 29 February 2016, was dispatched to shareholders in South Africa on 22 July 2016, and will be dispatched to shareholders in Canada on 27 July 2016, and contains no modifications to the audited consolidated financial results which were published on 31 May 2016. The full annual report is also available on Rockwell's website at www.rockwelldiamonds.com.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting of Rockwell will be held at the offices of Fasken Martineau DuMoulin LLP, Suite 2400, 333 Bay Street, Toronto, Ontario M5H 2T6 on Wednesday, 24 August 2016 at 10h00 a.m. (Toronto time) or 4:00 p.m. (South Africa time).
About Rockwell Diamonds
Rockwell is engaged in the business of operating and developing alluvial diamond deposits. The Company also evaluates consolidation opportunities that have the potential to expand its mineral resources and production profile and provide accretive value to the Company.
Rockwell is known for producing large, high quality gemstones comprising a major portion of its diamond recoveries. This is enhanced through a beneficiation joint venture that enables Rockwell to participate in the profits on the sale of the polished and certain re-traded diamonds, which are not beneficiated.
Rockwell has set a strategic goal to become a mid-tier diamond production company. In pursuit of this goal the Company has embarked on a strategy to grow its Middle Orange River (MOR) operational base and minimise production and recovery volatility by setting a medium term target to process 500,000m3 of gravels per month from its MOR operations.
Rockwell's common shares trade on the Toronto Stock Exchange and the JSE Limited under the symbol "RDI".
No regulatory authority has approved or disapproved the information contained in this news release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is often, but not always, characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "potential", "should", "likely", "forecast", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur. 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.
Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties related to the completion on a timely basis of the prospectus offering on satisfactory terms; receipt of all regulatory approvals, including exchange and securities regulatory authority approvals; changes in general economic conditions; the financial markets and the demand and market price for securities of the Company; the mining industry; and many other factors beyond the control of Rockwell.
Although Rockwell has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
For further information on Rockwell, investors should review Rockwell's home jurisdiction filings that are available at www.sedar.com.
SOURCE Rockwell Diamonds Inc.
For further information: For further information on Rockwell and its operations in South Africa, please contact: James Campbell, CEO, +27 (0)83 457 3724; David Tosi, PSG Capital - JSE Sponsor, +27 (0)21 887 9602