| Thu 18 Jun 2009, 8:42 | | RDI - Rockwell Announces Results From Special General Meeting |
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RDI
RDI
RDI - Rockwell Announces Results From Special General Meeting
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 RESULTS FROM SPECIAL GENERAL MEETING
June 17, 2009, Vancouver, B.C. - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces the results of voting
from a Special Shareholders Meeting held today and called by Pala Investments
Holdings Ltd (the "Dissident").
Approximately 74% of the Company`s issued and outstanding shares were voted. A
tabulation of the final results with actual votes cast is available on the
Company`s profile at www.sedar.com.
Over fifty-seven percent (57.33%) of the votes were cast against the removal of
one or more of the current Board of Directors, so the current Board is retained.
Approximately sixty-two percent (62.07%) of the votes cast were in favour of
continuing the Shareholder Rights Plan and slightly over fifty-seven percent
(57.14%) voted to direct Rockwell to not reimburse the Dissident of the meeting
for its costs associated with the meeting.
On advice of counsel and because of its advisory nature, the Executive Directors
agreed to remove the Fair Rights Offering from this meeting agenda. However,
over fifty-seven percent (57.22%) did support the Fair Rights Offering (meaning
a rights offering which does not require compromise of the Shareholders Rights
Plan) proposal.
On behalf of the Executive Directors, David Copeland, Chairman commented "The
Executive Directors are gratified by the voting support of Rockwell shareholders
but we also recognize there is work yet to be done. We are committed to working
to unite the Board in order to make management enhancements, ensure operational
efficiency, deliver timely financial information, establish additional internal
controls, and execute the rights offering plan to fund the Company with minimum
dilution. We will make all necessary efforts to achieve these goals with our
colleagues on the Rockwell Board."
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.
David Copeland
Chairman
No regulatory authority has approved or disapproved the information contained in
this news release.
Canada
18 June 2009
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 18/06/2009 08:42:01 Produced by the JSE SENS Department.
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