VANCOUVER, BC, Jan. 24,
2023 /CNW/ - Diamond Fields Resources
Inc. (TSXV: DFR) ("DFR" or the "Company"), announces that it
intends to change its name to "DFR Gold inc." The proposed name
change is subject to approval from the TSX Venture Exchange (the
"Exchange"), and the completion of all applicable regulatory
filings. Assuming the satisfaction of these requirements, the
Company intends to issue a subsequent news release confirming the
name change, which is expected to become effective on or around
January 30, 2023. DFR Gold Inc. will
continue trading on the Exchange under the same symbol "DFR".
John McGloin, CEO of DFR,
commented:
"This is a further step in the Company's transformation as a
West African gold explorer and reflects our commitment to
progressing our portfolio, such as the highly prospective Cascades
Project in Burkina Faso."
No further action is required by shareholders with respect to
the name change. There is no change in the share capital of the
Company. The Company's new CUSIP number is 25241H108 and its
new ISIN number is CA25241H1082. Certificates representing common
shares of the Company will not be affected by the name and will not
need to be exchanged.
Notes to Editors:
DFR is a TSX Venture Exchange listed exploration and mine
development company focused on gold and other commodities in
Africa. Following the acquisition
of Moydow Holdings Limited, DFR holds interests in a portfolio of
West African gold exploration projects including the highly
prospective Cascades gold project ("Cascades") in Burkina Faso. Cascades has a Mineral Resource
prepared in accordance with NI 43-101 comprising 5.41 million
tonnes of indicated resources at an average grade of 1.52 g/t Au
for a total 264,000 ounces of gold: and 6.93 million tonnes of
inferred resources at an average grade 1.67 g/t Au for a total of
371,000 ounces of gold. The report entitled "Diamond Fields
Resources Inc. Please see the Company's technical report titled
"Amended and Re-stated Technical Report on the Labola Project
Burkina Faso" dated April 2, 2022 for
further information regarding Cascades.
In Madagascar, DFR has an
advanced high grade hard rock zircon exploration prospect located
in the west of the country, approximately 220km east of the port of
Maintirano and close to a state road. DFR acquired Beravina from
Pala Investments and Austral Resources in 2016.
Website: www.diamondfields.com
The Company's public documents may be accessed at
www.sedar.com
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements:
This release contains certain "forward-looking information"
within the meaning of applicable Canadian securities legislation.
All statements other than statements of historical fact in this
release that address activities, events or developments that DFR
expects or anticipates will or may occur in the future are
forward-looking statements or information. Often, but not always,
forward-looking information can be identified by the use of words
such as "aim", "aspire", "strive", "will", "expect", "intend",
"plan", "believe" or similar expressions as they relate to DFR.
Forward- looking information is subject to a variety of risks and
uncertainties which could cause actual events or results to
materially differ from those reflected in the forward-looking
information.
There are a number of important factors that could cause DFR's
actual results to differ materially from those indicated or implied
by forward-looking statements and information. Such factors
include, among others: the ability to obtain requisite regulatory
approvals; commodity prices; the gold exploration and mining
industry in general; the potential impact of the announcement on
relationships; including with regulatory bodies, employees;
suppliers, customers and competitors; changes in general
economic, business and political conditions, including changes in
the financial markets; changes in applicable laws; and compliance
with extensive government regulation. Should one or more of these
risks, uncertainties or other factors materialize, or should
assumptions underlying the forward-looking information or statement
prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed,
estimated or expected.
DFR cautions that the foregoing list of material factors is not
exhaustive. When relying on DFR's forward-looking statements and
information to make decisions, shareholders should carefully
consider the foregoing factors and other uncertainties and
potential events. DFR has assumed that the material factors
referred to in the previous paragraph will not cause such forward
looking statements and information to differ materially from actual
results or events. However, the list of these factors is not
exhaustive and is subject to change and there can be no assurance
that such assumptions will reflect the actual outcome of such items
or factors. The forward-looking information contained in this
release represents the expectations of DFR as of the date of this
release and, accordingly, is subject to change after such date.
Readers should not place undue importance on forward looking
information and should not rely upon this information as of any
other date. While DFR may elect to, it does not undertake to update
this information at any particular time except as required in
accordance with applicable laws.
SOURCE Diamond Fields Resources Inc.