June 30, 2010 - Vancouver, BC. -- Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces that it has acquired a 20% stake in Flawless
Diamond Trading House (Proprietary) Limited ("FDTH").
Effective June 1, 2010, the Company has purchased a 20% stake in FDTH that was previously held by Mr Hennie van Wyk for a consideration of South African Rand ("ZAR") 700,000 (approximately $97,000).
FDTH was established in 2006 to provide a professional marketing and sales facility to market and sell Rockwell's
Diamond production. Rockwell had no prior experience of marketing high quality alluvial gemstone production and with new
Diamond legislation in the process of being implemented at the time that Rockwell was establishing a foothold in South Africa, it was deemed prudent to ensure that Rockwell had access to a strong and secure dedicated marketing facility to maximize revenue from the sale of its unique
Diamond production.
FDTH was established in the premises of South Africa's internationally recognized high security
Diamond trading and manufacturing hub known as Jewel City, located on Commissioner Street in Johannesburg. FDTH was established and is still run by experienced and internationally recognized diamantaire, Jeffry Brenner�
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http://www.rockwelldiamonds.com/rcw/NewsReleases.asp?ReportID=407419
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.
Best Regards,
Investor Services
Hunter Dickinson
Toll Free: 1-800-667-2114 | Main: 1-604-684-6365
info@hdgold.com | www.hdgold.com
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Other HD affiliated companies include Amarc, Anooraq, Continental, Curis, Farallon, Heatherdale, Northern Dynasty, Rockwell, and Taseko. Visit us at www.hdgold.com for more information.
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Rockwell Diamonds Inc.
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DEVELOPMENT STAGE |
CODE : RDI.TO |
ISIN : CA77434W2022 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rockwell is a diamonds exploration company based in Canada. Rockwell holds various exploration projects in Canada and in South Africa. Its main assets in production are SAXENDRIFT and NIEWEJAARSKRAAL in South Africa, its main asset in development is BLUE GUM in South Africa and its main exploration properties are WOUTERSPAN in South Africa and CRYSTAL and HOOK-RAT (COWTRAIL) in Canada. Rockwell is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 3.3 millions as of today (US$ 2.5 millions, € 2.3 millions). Its stock quote reached its lowest recent point on November 21, 2008 at CA$ 0.03, and its highest recent level on June 12, 2009 at CA$ 1.80. Rockwell has 54 908 244 shares outstanding. |