| Wed 15 Dec 2010, 9:30 | | RDI - Rockwell Diamonds Incorporated - Changes to board |
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RDI
RDI
RDI - Rockwell Diamonds Incorporated - Changes to board
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 CEO RESIGNS
December 14, 2010, Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the
"Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces that Dr. John Bristow
has resigned from the position as President and CEO of the Company.
The Board of Directors has had in place over the last year a senior corporate
management growth strategy initiative, which has involved the successful
recruitment of a new Chief Operational Officer (COO), Chief Financial Officer
(CFO) and other senior operational and financial management. As part of this
process, the Company plans to complete the engagement of an experienced
senior executive as President and CEO who has equal financial and operational
background. In the interim, the COO and CFO are reporting to a Board
Committee.
The Board is also in discussion with Dr. Bristow, who remains as a Director,
to provide consulting services to the Company to maintain continuity during
the transition period.
The Board wishes to extend its thanks to Dr. Bristow for a sustained effort
and unflinching commitment to Rockwell Diamonds` success, and wish him well
in his next endeavors.
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.
On Behalf of the Board
David J. Copeland
Chairman
About Rockwell Diamonds
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, also 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.
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. There is no certainty of the
financing completing. 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.
Johannesburg
15 December 2010
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 15/12/2010 09:30:01 Produced by the JSE SENS Department.
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