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ROCKWELL DIAMONDS INCORPORATED - Rockwell Diamonds issues warrants to Ascot Diamonds Proprietary Limited and Emerald Holdings Limited

Release Date: 28/12/2015 07:05
Code(s): RDI     PDF:  
Wrap Text
Rockwell Diamonds issues warrants to Ascot Diamonds Proprietary Limited and Emerald Holdings Limited

Rockwell Diamonds Inc.
(A company incorporated in accordance with the laws of British Columbia, Canada)
(Incorporation number BCO354545)
(South African registration number: 2007/031582/10)
Share code on the JSE Limited: RDI
ISIN: CA77434W2022 Share code on the TSXV: RDI
CUSIP Number: 77434W103

Rockwell Diamonds issues warrants to Ascot Diamonds Proprietary Limited and Emerald Holdings
Limited
__________________________________________________________________________________________

December 24, 2015 Vancouver, BC – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX: RDI; JSE:
RDI) announces that further to the previously announced restructuring of debt owed by the Company to Ascot
Diamonds Proprietary Limited (“Ascot”) and Emerald Holdings Ltd. (“Emerald”), and further to shareholder
approval for, among other things, the issuance by Rockwell of up to 31,783,651 common share purchase
warrants (“Warrants”), the Company has issued 18,952,316 Warrants to Ascot and 2,362,924 Warrants to
Emerald at an exercise price of $0.20.

For further information on Rockwell and its operations in South Africa, please contact
James Campbell               CEO                                  +27 (0)83 457 3724
Stéphanie Leclercq           Investor Relations                   +27 (0)83 307 7587
David Tosi                   PSG Capital – JSE Sponsor            +27 (0)21 887 9602

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 production company. The Company’s flagship mine is the Saxendrift Mine, in the
Middle Orange River. It has recently built two new internally funded mines in the Middle Orange river region,
namely the Saxendrift Hill Complex and the Niewejaarskraal Mine which are both in production. Rockwell also has
a development project and a pipeline of earlier stage properties with future development potential. The operations
are based on high throughput processing capability and Saxendrift has among the lowest unit costs in the industry
as a result of implementing fit for purpose technologies.

The Company is known for producing large, high quality gemstone comprising a major portion of its diamond
recoveries that is enhanced through a beneficiation joint venture that enables it to participate in the profits on the
sale of the polished diamonds.

Rockwell also evaluates merger and acquisition opportunities which have the potential to expand its mineral
resources and production profile and to 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.
For further information on Rockwell, Investors should review Rockwell's home jurisdiction filings that are available at
www.sedar.com.




Company Registration No.: 2007/031582/10                                                                www.rockwelldiamonds.com
Level 0, Wilds view, Isle of Houghton. Cnr. CarseO’Gowrie& Boundary Rd, Houghton Estate, Johannesburg, 2198
PO Box 3011 Houghton, South Africa, 2041 Tel: +27 (0)11 4840 830 Fax: +27 (0)11 481 7247                       TSX: RDI JSE: RDI

Date: 28/12/2015 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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