Diamond Fields Resources Inc. is pleased to announce a maiden Mineral Resource prepared in accordance with National Instrument 43-101 for Moydow Holdings Limited's Labola Gold Project in Burkina Faso . As described in the press release of August 25, 2021 , DFR has entered into definitive agreements to acquire Moydow which has an option to own 100% of the Project . Highlights Indicated resource of 5.41 million tonnes at an [...]
Diamond Fields Resources Inc. is pleased to confirm that, as per the announcement of 25 August, 2021, Spirit Resources SARL has exercised its share purchase warrants to acquire 10,666,667 DFR common shares at C$0.125 per share for proceeds of C$1,333,333.38. The funds received from the warrant exercise have been used to repay an existing US$1,000,000 loan, as well as interest amounting to US$15,123 thereon, held by Spirit [...]
Diamond Fields Resources Inc. is pleased to announce that it has entered into definitive agreements to acquire privately owned Moydow Holdings Limited which holds interests in a number of West African gold exploration projects. Transaction Highlights Acquisition of a right to an 80% controlling stake in an advanced exploration stage gold project, Labola, in Burkina Faso - a highly prospective project with more than 65,500 [...]
Diamond Fields Resources Inc. announces that discussions are ongoing with TMH Acquisition Co concerning the advancement of its Beravina project pursuant to the agreement with TMH entered into on 16 May 2019 . The Cooperation Agreement was previously extended, without financial penalty, due to various delays in the implementation of the intended work program, which were previously reported . Continuing uncertainty about [...]
Diamond Fields Resources Inc. announces that it has entered into a loan agreement with the Company's major shareholder, Spirit Resources SARL , whose beneficial owner is Mr. Jean Raymond Boulle. The Agreement is for an eight percent unsecured term loan facility of up to US$1,000,000 , which will be used for general corporate purposes, and shall be repayable in full on 29 April 2022 . DFR shall prepay the Loan upon receipt [...]
Diamond Fields Resources Inc. announces that it is aware of recent movements in its share price. The Company has no material undisclosed information at the present time and cannot explain the recent price movements. Ends Diamond Fields Resources Inc. Sybrand van der Spuy, CEO and Director Contact: +27 78 4558700 Michael Oke/Andy Mills: +44 20 7321 0000 Aura Financial LLP: www.aura-financial.com Notes to Editors: DFR is a [...]
Diamond Fields Resources Inc. announces that it has agreed an eight month extension to its cooperation agreement with TMH Acquisition Co, as announced on May 16 2019 and amended on 26 June 2020. The Extension has been agreed due to ongoing travel and operational restrictions resulting from the COVID-19 pandemic and the anticipated impact of the rainy season in Madagascar preventing the Company from advancing the Beravina [...]
Diamond Fields Resources Inc. is pleased to announce the results of the drilling program undertaken by TMH Acquisition Co., a special purpose vehicle established by Denham Mining Fund LP, on the Company's Beravina Zircon Project in Madagascar pursuant to the cooperation agreement announced by DFR on 16 May 2019 and amended on 26 June 2020. During the period September 2019 to March 2020, TMH completed an exploration [...]
Diamond Fields Resources Inc. is pleased to announce that it has amended its cooperation agreement dated May 16, 2019 with TMH Acquisition Co , a special purpose vehicle established by Denham Mining Fund LP, to advance the Company's Beravina project in Madagascar . The Amended Agreement requires DFR to undertake the next phase of work, which involves a high-resolution magnetic drone survey, the development of digital [...]
Diamond Fields Resources Inc. is pleased to announce that discussions are ongoing with TMH Acquisition Co concerning the further advancement of its Beravina project pursuant to the agreement with TMH entered into on 16 May 2019. The Cooperation Agreement was extended, on 11 November 2019, to 31 May 2020 without financial penalty due to various delays in the implementation of the intended work program, which were [...]
Diamond Fields Resources Inc. announces that it has completed the C$1,000,000 working capital financing announced on 15 January 2020. Pursuant to such financing, Albert C. Gourley Professional Corporation, and DFR's major shareholder, Spirit Resources SARL, have each subscribed for 500,000 common shares of the Company at an issue price of C$0.20 per Common Share for aggregate proceeds of C$100,000 per Lender. The Common [...]
Diamond Fields Resources Inc. announces that it has signed a binding term sheet to raise C$1,000,000 in working capital from Albert C. Gourley, Non-Executive Chairman, and its major shareholder, Spirit Resources SARL. Each Lender will subscribe for C$100,000 worth of common shares at an issue price of C$0.20 per Common Share and advance the Company C$400,000 at an interest rate of 10% repayable on 31 December 2020 giving [...]
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