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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EN DÉVELOPPEMENT |
CODE : RDI.TO |
ISIN : CA77434W2022 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Rockwell est une société d’exploration minière de diamants basée au Canada. Rockwell détient divers projets d'exploration au Canada et en Afrique Du Sud. Ses principaux projets en production sont SAXENDRIFT et NIEWEJAARSKRAAL en Afrique Du Sud, son principal projet en développement est BLUE GUM en Afrique Du Sud et ses principaux projets en exploration sont WOUTERSPAN en Afrique Du Sud et CRYSTAL et HOOK-RAT (COWTRAIL) au Canada. Rockwell est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 3,3 millions CA$ (2,5 millions US$, 2,3 millions €). La valeur de son action a atteint son plus bas niveau récent le 21 novembre 2008 à 0,03 CA$, et son plus haut niveau récent le 12 juin 2009 à 1,80 CA$. Rockwell possède 54 908 244 actions en circulation. |