>>
Home / Knowledge / News / Fashion / Diamond Fields presents business revise

Diamond Fields presents business revise

25
Nov '05
Canada based diamond producer Diamond Fields International Ltd announced that it held its Annual General Meeting on Wednesday, November 16, 2005, and reports that all of Management's resolutions passed with substantial margins.

Further to the Company's news release dated November 7, 2005, in addition to approving other matters, shareholders approved the second tranche of the private placement of a total of 30,483,676 units and the participation therein of the Company's largest shareholder, Jean-Raymond Boulle.

Accordingly, a total of 6,090,000 units representing the second tranche of the private placement that were held pending shareholder approval have now been released in respect of the private placement. The Company raised total gross proceeds of Cdn$6,096,735 under both tranches of the private placement.

The Company also announces that it has repaid a loan obtained from Quest Capital Corporation ("Quest") in the principal amount of Cdn$1,950,000. The loan, advanced in October, 2004, provided Diamond Fields with the funding to acquire its marine diamond mining vessel the mv DF Discoverer.

Funds to repay the loan came from the first tranche of the Private Placement announced on November 7th, 2005. All security taken in connection with the loan, the lender will discharge including a ship's mortgage over the mv DF Discoverer.

Diamond Fields also announces results for the first quarter period. Net loss for the three months ended September 30, 2005 was $(1,141,526) or $(0.01) per share, compared with a net earnings of $811,898 or $0.01 per share in 2004.


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Ahmet Gecikli,

Ahmet Gecikli

Ser Mekatronik, founded in 2008, is specialised for providing mechanical...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Chori Company Limited
The LYCRA Company Singapore  Pte. Ltd
BIANCA
Esprit Europe Services GmbH
Walmart
KAS Direct Sourcing
Calvin Klein
Brandix Lanka Limited
Sportswear Company Spa
BIMBA ;& LOLA SL
Gap International Sourcing Limited
Truetzschler India Private Limited
IDH – The Sustainable Trade Initiative
Asos
Vianney Textil Hogar S.A. De C.V.
Bluestem Global Sourcing Limited
TESCO INTERNATIONAL SOURCING LIMITED
Hirdaramani International Export Private Limited
Cat Tuong Real Estate Group Joint Stock Company
Groz-Beckert East Asia LLP
Arvind Limited
NITI Aayog
Abit
C;&A Sourcing International Ltd
Rosset ;& Cia Limited
Chico’ FAS
Page Industries Limited (Bangalore)
Puma
THE BOMBAY DYEING ;& MFG.CO. LTD
Tommy Hilfiger
Recron Polyester from Reliance Industries Limited
Benetton Group
Huntsman (Singapore) Pte Ltd
Lululemon Athletica Inc
G-Star Raw C.V.
MAS Active / MAS Kreeda / MAS Bodyline
Aramark Uniform ;& Career Apparel, LLC
The Top Form Brassiere Manufacturing Company Limited
SHAHI Exports Pvt Ltd
Hela Clothing Pvt Ltd
Decathlon
Midas Clothing Limited
Alix Partners
LC Waikiki
Seasalt Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Desigual - ABASIC, S.A.
Eastman Chemical Company
John Varvatos
Green Fibre
Maceton Limited
Alison Hayes Romania
H;&M Hennes ;& Mauritz (Far East) Ltd
OVS Hong Kong Sourcing Ltd.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Permoda(Koaj/Armi/Pronto/Bkul)
Gatsby Africa
Restoque S.A.
Guess Europe Sagl,
Sportmaster Ltd.
J ;& P Coats
Amazon China
Helly Hansen Far East Ltd
Under Armour Global Sourcing Ltd
PVH Corporation
Lifestyle
Boardriders Asia Sourcing Limited
Gokaldas Exports Limited
Grasim Industries Limited
Target Corporation (MN)
Varner AS Retail
SYNERGIES HONG KONG LIMITED
Phong Phu international JSC (PPJ)
Aquarelle Clothing Limited
Sainsbury's Argos Asia Limited
Rayonese Textile Inc., Division de Culp Inc.
Lisa S.P.A.
Splash
KIABI
Tchibo GmbH
International Textile Manufacturers Federation
Lacoste (Wanchai)
Vardhman Textile Ltd
Gloria Jeans
Babyshop
Sateri (Jiujiang) Fiber Co.,Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Landmark Group
Lenzing Aktiengesellschaft
Reiter India Private Limited

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search