| Mon 20 Oct 2008, 14:30 | | RDI - Rockwell Announces Appointment Of New Chief Financial Officer And |
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RDI
RDI
RDI - Rockwell Announces Appointment Of New Chief Financial Officer And
Resignation Of Director
ROCKWELL DIAMONDS INCORPORATED
(A company incorporated in accordance with the laws of British Columbia, Canada)
(Incorporation number BCO354545)
(Formerly Rockwell Ventures Inc.)
(South African registration number: 2007/031582/10)
Share code on the JSE Limited: RDI & ISIN: CA77434W1032
Share code on the TSX: RDI & CUSIP Number: 77434W103
Share code on the OTCBB: RDIAF
("Rockwell")
ROCKWELL ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER AND RESIGNATION OF
DIRECTOR
October 20, 2008 Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces the appointment of
Desmond Morgan as its new Chief Financial Officer. Mr Morgan replaces Dominique
de la Roche, who has resigned as Chief Financial Officer and Director and will
be leaving the Company at the end of October to pursue other opportunities.
Desmond Morgan is a Chartered Accountant with an Honours Degree in Accounting
Sciences from the University of South Africa (UNISA). He completed his articles
at Price Waterhouse, and subsequently worked for Dorbyl Ltd, developing the
Automotive Aftermarket division. Thereafter he joined the Modern Africa Fund
Managers LLC, an equity fund operating in Sub Sahara Africa north of the Limpopo
River Province in association with the Overseas Private Investment Corporation
of the US Government.
As an independent contractor over the last seven years, he has completed
projects with UCAR Ltd (Graf Tech International), Anglo Gold Ashanti on the
Mponeng and Tau Tona mines, Barclays Bank (Zambia), Barrick Gold (Tanzania), and
the Gauteng Shared Service Centre.
Mr Morgan has extensive high level and operational financial management and
accounting experience in mining, manufacturing, communications, finance, mergers
and acquisitions, and corporate environments. This has included reporting in to
investors in the USA, the UK and Europe, and meeting the required international
reporting standards in these jurisdictions, and managing projects and portfolios
in Kenya, Tanzania, Uganda, Ghana, Ivory Coast and Zambia.
President and CEO John Bristow said "The appointment of Desmond Morgan adds
invaluable experience to our recently expanded financial management team. He
also provides operational experience which will be of benefit to the Company in
its drive to expand its South African operations and growth footprint and, in
due course, acquire and consolidate production-focused projects and companies in
other parts of southern and central Africa."
For further details on Rockwell Diamonds Inc., please visit the Company`s
website at www.rockwelldiamonds.com or contact Investor Services at (604) 684-
6365 or within North America at 1-800-667-2114.
John Bristow
President and CEO
No regulatory authority has approved or disapproved the information contained in
this news release.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking
statements". Other than statements of historical fact all statements in this
release that address future production, reserve or resource potential,
exploration drilling, exploitation activities and events or developments that
each Company expects are forward-looking statements. 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 market
prices, exploitation and exploration successes, changes in and the effect of
government policies regarding mining and natural resource exploration and
exploitation, availability of capital and financing, geopolitical uncertainty
and political and economic instability, and general economic, and market or
business conditions. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or developments may
differ materially from those projected in the forward-looking statements. For
more 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.
Canada
20 October 2008
Sponsor
Sasfin Capital (A division of Sasfin Bank Limited)
Date: 20/10/2008 14:30:11 Produced by the JSE SENS Department.
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