RDI
RDI
RDI - Rockwell Diamonds Incorporated - Rockwell announces withdrawal of Pala bid
Rockwell Diamonds Incorporated
ISIN: RDI
JSE Share Code: CA77434W1032
November 4, 2008 Vancouver,BC-Rockwell Diamonds Inc ("Rockwell or the
company")(TSX:RDI;JSE:RDI;OTCBB;RDIAF)
Rockwell announces withdrawal of Pala bid
Announces that the unsolicited offer made by Pala Investments Holdings Ltd
(Pala) to acquire all of the outstanding shares of Rockwell for $0.36 per share
("the Offer") has been withdrawn.
Pala announced in Canada on November 3, 2008 that it had withdrawn and was not
proceeding with the Offer. The reason given by Pala for its withdrawal was that
it had determined that a number of the conditions to the Offer were incapable of
being satisfied prior to the expiry date and had therefore withdrawn the bid at
this time in order to provide Rockwell shareholders with certainty as to the
status of the Offer. No further information has been finished to the Rockwell
board to explain this withdrawal of the Offer.
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
Canada
4 November 2008
Sponsor
Sasfin capital (A Division of Sasfin Bank Ltd)
Date: 04/11/2008 17:53:29 Produced by the JSE SENS Department.
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