| Mon 1 Jun 2009, 7:45 | | RDI - Rockwell - Rockwell Announces Delay In Filing Of Annual Filings |
|
RDI
RDI
RDI - Rockwell - Rockwell Announces Delay In Filing Of Annual Filings
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 DIAMONDS ANNOUNCES DELAY IN FILING OF ANNUAL FILINGS
May 29, 2009, Vancouver, B.C. - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) today announced the delayed filing
of the Company`s financial statements for the year ended February 28, 2009,
including the related management discussion and analysis, annual information
form and CEO and CFO certifications (collectively, the "Required Documents").
Management and the Audit Committee concur with the Company`s auditors that the
Company will be unable to file the Required Documents before the required
deadline primarily because of an apparent material breakdown in the Company`s
internal controls, which in management`s view are related in part to changes
arising over the last approximately six months including a change of the
Company`s Chief Financial Officer, change of year-end and change of auditors.
The Company is working diligently with its accounting staff and its auditors to
address the issues raised by the auditors and anticipates that it will be in a
position to file the Required Documents on or before June 26, 2009.
In the interim, the Company will apply to the applicable securities regulatory
authorities for a management cease trade order related to the Company`s
securities to be imposed against some or all of the persons who are or have been
directors, officers or insiders of the Company for so long as the Required
Documents are not filed. If granted, a management cease trade order would not
generally affect the ability of persons who have not been directors, officers or
insiders of the Company to trade the securities of the Company. However, the
applicable securities regulatory authorities, in their discretion, may determine
that it would be appropriate to issue a general issuer cease trade order which
would prohibit trading of the Company`s securities.
Until the Required Documents are filed, the Company intends to provide
information in accordance with National Policy 12-203 Cease Trade Orders for
Continuous Disclosure Defaults.
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.
Canada
1 June 2009
Sponsor
Sasfin Capital (A division of Sasfin Bank Limited)
Date: 01/06/2009 07:45:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
