| Wed 1 Sep 2010, 14:30 | | RDI - Rockwell Diamonds Incorporated - Appoints a new director and strengthens |
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RDI
RDI
RDI - Rockwell Diamonds Incorporated - Appoints a new director and strengthens
the management team
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 APPOINTS A NEW DIRECTOR AND STRENGTHENS THE MANAGEMENT TEAM
September 1, 2010, Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSXV: RDI; JSE: RDI; OTCBB: RDIAF) announces changes to its board of
directors and new appointments to its management team.
Gary Wu has joined the Board as a Director and will replace Yong Guo who has
stepped down from the Rockwell`s Board to focus on start-up business
opportunities in China. William Fisher has also resigned from the Board of
Rockwell to pursue his business interests in the international exploration and
mining sector.
Gerhard Jacobs has been appointed to the position of Chief Financial Officer of
the Company and Leon Meyer has joined the Company as the Manager of the Tirisano
Project.
Gary Wu studied marketing at the Department of International Marketing, Arizona
State University, USA and obtained an Executive MBA at Rutgers, the State
University of New Jersey, USA. Mr. Wu is the managing partner of Godia Capital
Partners, one of the first Chinese private equity funds created to focus on
investment opportunities in resource projects in Africa. He has a sound
knowledge of the emerging Chinese diamond manufacturing sector and, over the
past year, has done an extensive assessment of mining opportunities in southern
Africa. Mr. Wu was involved in the successful launch and management of Volvo
Group, pioneering the path for Volvo commercial vehicles to play a major role in
China, as a leader in improving the brand recognition for Volvo commercial
vehicles and Volvo`s brand rank. He is a scholar and author of several marketing
solutions that have been applied in China, and successfully used his
philosophies in marketing in his new venture as the Chairman and Chief Executive
Officer of SureAuto Corporation, which was the first and has become the largest
"Big Box" retailer in China`s used car market.
Gerhard Jacobs has a Masters in Business Administration and Bachelor of
Accounting from the North West University (Potchefstroom) and a Management
Diploma from the University of South Africa. He has over 20 years` experience
in the mining industry, beginning his accounting career at Fisher Hoffman Stride
in 1985, and subsequently fulfilling various accounting, management and
consultancy positions, including the Billiton group in the Gold, Ferrochrome and
Aluminium divisions. In 2002, he was appointed Financial and Administration
Superintendent / Manager of the Placer Dome Western Areas Joint Venture where he
assumed sole responsibility for the financial, information technology and
commercial functions. He was seconded to Vancouver where he led the roll-out of
the business improvement process and implementation of Sarbanes Oxley ("SOX").
He joined Simmer and Jack Mines Ltd in November 2005 as Chief Financial Officer
and Financial Director and played a key role in the recapitalization process at
Simmers as well as with the listing of First Uranium on the TSX in 2006. He has
extensive experience with listed entities (TSX and JSE), compliance reporting,
SOX implementation, fund raising, and corporate structuring and deal making
which will be invaluable to Rockwell.
Leon Meyer is a highly experienced Electrical and Process Engineer who has spent
twenty years in the mining industry designing, building, operating and managing
processing plants. He also has extensive experience in design, civil
engineering and metallurgical processes. He was employed by JIC Mining1990 and
became responsible for the management and operation of gold plants at Grootvlei
and subsequently the Pamodzi gold operations. While most of his experience has
been in the gold sector, he has experience in the dimension stone business and
open cast mining. His strength is his ability to design and build cost
effective process plants and outstanding production track record.
President and CEO John Bristow commented, "The Company acknowledges the
contributions of Bill Fisher and Yong Guo to the Board of Directors and wishes
them well in their future business activities.We welcome Gary Wu to the Board,
and Gerhard Jacobs and Leon Meyer to the management team. Rockwell is entering
an important growth phase and the experience and skills of the new members of
the team will play an important role in ensuring the long term growth objectives
are met. The ability to access capital and the rapidly expanding diamond
business in China through Gary Wu`s business knowledge will be particularly
beneficial."
Rockwell has three alluvial diamond operations in Northern Cape Province in
South Africa: the Holpan and Klipdam mines located north of Kimberley and the
Saxendrift mine located on the Middle Orange River ("MOR") southwest of
Kimberley. The Company is also conducting a bulk sampling project at Klipdam
Extension east of the Klipdam mine. Its Wouterspan mine, located on the MOR, is
currently on care and maintenance. In addition, Rockwell in the process of
acquiring the Tirisano Project, located in the well-known Ventersdorp alluvial
diamond district in the North West Province of South Africa, from Etruscan
Diamonds Limited.
For further information on Rockwell and its operations in South Africa, please
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" or "forward-looking information" (together, referred to as "forward-
looking statements"). Other than statements of historical fact, all statements
in this release that relate to the proposed acquisition are forward-looking
statements. Although Rockwell believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guaranteed. Factors that could cause actual results to differ materially
from those in forward-looking statements include the actions and approvals of
securities regulatory authorities, including the securities regulatory
authorities in each province and territory of Canada, the Toronto Stock Exchange
and the Johannesburg Stock Exchange, the availability of capital and financing,
and general economic, market or business conditions.
Johannesburg
1 September 2010
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 01/09/2010 14:30:01 Produced by the JSE SENS Department.
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