Quantcast
Last updated on April 17, 2014 at 21:23 EDT

Rockwell Diamonds shareholders pass all resolutions at AGM

August 30, 2012

Changes to board of directors

VANCOUVER, Aug. 30, 2012 /PRNewswire/ – Rockwell Diamonds Inc. (“Rockwell” or
the “Company” (TSX: RD) (JSE: RDI) is pleased to announce that all the
resolutions put forward in its management information circular were
passed by the shareholders at the annual general meeting held in
Vancouver today. The Company also announces two changes to its board of
directors.

Annual General Meeting results:

The resolutions which were passed at the meeting were as follows:

        --  Mark Bristow (Chairman), James Campbell (President and CEO),
            Dr. Willem Jacobs, Richard Linnell, Johan van 't Hof and
            Stephen Dietrich were re-elected as directors; and

        --  KPMG Inc. Chartered Accountants were appointed as Auditors of
            the Company for 2013.

Changes to the Board of Directors:

The board wishes to thank David Copeland and Sandile Zungu, who did not
seek re-election to the board, for their contribution to the strategic
direction of the Company during their tenure. In particular, the board
is grateful to David Copeland for his role as founding Chairman of
Rockwell and his immense contribution to the Company during the last
six years.

The Nominating and Governance Committee of the board is in the process
of overseeing the appointment of two additional directors. The
objective is to appoint a representative of the new Black Economic
Empowerment (“BEE”) partner, once this transaction has been finalized,
as well as an independent director with a strong industry background to
contribute to the strategic direction of the Company. Further
announcements in this regard will be made in due course.

About Rockwell Diamonds:

Rockwell is engaged in the business of operating and developing alluvial
diamond deposits, with a goal to become a mid-tier diamond mining
company.  The Company has three existing operations, which it is
progressively optimizing, two development projects and a pipeline of
earlier stage properties with future development potential. Rockwell is
also at an advanced stage of completing the acquisition of the Tirisano
property.

Rockwell also evaluates merger and acquisition opportunities which have
the potential to expand its mineral resources and production profile
and would provide accretive value to the Company.

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 frequently characterized
by words such as “plan”, “expect”, “project”, “intend”, “believe”,
“anticipate”, “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 uncertainties and costs related
to exploration and development activities, such as those related to
determining whether mineral resources exist on a property;
uncertainties related to expected production rates, timing of
production and cash and total costs of production; uncertainties
related to the ability to obtain necessary licenses, permits,
electricity, surface rights and title for development projects;
operating and technical difficulties in connection with mining
development activities; uncertainties related to the accuracy of our
mineral resource estimates and our estimates of future production and
future cash and total costs of production.  In particular there can be
no assurance that refinancing funds will be available to Rockwell on
acceptable terms or any terms at all.

For further information on Rockwell, Investors should review Rockwell’s
annual Form 20-F filing with the United States Securities and Exchange
Commission www.sec.com and the Company’s home jurisdiction filings that are available at www.sedar.com.

SOURCE Rockwell Diamonds Inc.


Source: PR Newswire