TORONTO, Jan. 5, 2021 /CNW/ - Rockwell Diamonds Inc.
("Rockwell" or the "Company") (JSE: RDI) is pleased
to announce that, effective December 23,
2020, the Ontario Securities Commission granted full
revocation of the failure-to-file cease trade order (the
"FFCTO") previously ordered against the Company on
July 5, 2018. Such revocation is
applicable and effective in the provinces of Ontario, Alberta, Québec, Nova Scotia, New
Brunswick, Manitoba,
Saskatchewan and British Columbia.
The FFCTO was originally imposed as the Company had not filed
within the required timeframe its annual audited financial
statements and management's discussion and analysis for the year
ended February 28, 2018, nor the
certifications of the foregoing filings, as required under Part 4
of National Instrument 51-102 Continuous Disclosure
Obligations.
As at December 15, 2020, the
Company filed all outstanding continuous disclosure documents that
were required to be filed under applicable securities laws, and the
Company is currently up-to-date in all of its required disclosure
filings.
About Rockwell Diamonds Inc.
Rockwell was engaged in the business of operating and developing
alluvial diamond deposits. The Company's investments and mineral
property interests are located in South
Africa and, although still owned by the Company, have been
de-consolidated due to a loss of control and value stemming from
being in liquidation since November
2016, and awaiting final liquidation proceedings expected in
May 2021.
Rockwell's common shares are listed on the JSE Ltd. under the
symbol "RDI". Trading of Rockwell's shares on the JSE Ltd. will
remain suspended.
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.
Forward-looking statements are based on the beliefs, estimates, and
opinions of the Company's management on the date the statements
are made. Except as required by
applicable securities laws, the
Company undertakes no obligation to update
these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should
change.
SOURCE Rockwell Diamonds Inc.