(August 30, 2016) – Diamond Fields International Ltd. (TSX-V: DFI) (“DFI” or the “Company”) announces a revision to the Related Party Transaction disclosure in its News Release disseminated August 29, 2016 regarding a proposed 5:1 consolidation and Cdn$1,000,000 equity financing.
Prior to the Financing and Consolidation Mr. Boulle owned, directly and indirectly, a total of 141,252,432 pre-consolidated common shares of the Company, representing 78.4% of the Company’s 180,126,009 pre-consolidated issued and outstanding share capital. After closing of the Financing and completion of the Consolidation, Spirit will own (excluding any shares that he may acquire on exercise of the Warrants to be issued in connection with the Financing) approximately 38,917,153 common shares, representing 83.3% of the Company’s then 46,691,869 issued and outstanding share capital.
All other disclosure in the August 29, 2016 News Release is correct.
DIAMOND FIELDS INTERNATIONAL LTD.
SIGNED: “Earl Young”
Earl Young, CFO and Director
Contact: Earl Young at +1 214 566 3709
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.