| Mon 3 Oct 2011, 14:30 | | RDI - Rockwell Diamonds Incorporated - Rockwell Diamonds strengthens |
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RDI
RDI
RDI - Rockwell Diamonds Incorporated - Rockwell Diamonds strengthens
board of directors
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: CA77434W2022
Share code on the TSX: RDI CUSIP Number: 77434W103
Share code on the OTCBB: RDIAF
("Rockwell")
ROCKWELL DIAMONDS STRENGTHENS BOARD OF DIRECTORS
3 October, 2011, Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell
Diamonds" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) is pleased
to announce that it has strengthened its board of directors with the
appointment of a new non-executive director as well as a new chairman.
- David Copeland has stepped down as Chairman, but will remain on the
board as a non-executive director. The Company is delighted that he will
continue to contribute to strategic matters while actively supporting the
new Chairman.
- Dr Mark Bristow has been appointed as non-executive Chairman with
effect from September 9, 2011. Mark was Acting CEO of Rockwell for six
months to May 2011 during which he initiated the strategic review early
in 2011 which led to initiatives to improve the production profile and
enhance efficiencies. He is well positioned to guide the Company as it
delivers on its growth strategy.
- Johan van`T Hof has joined the board of Rockwell as an independent non-
executive director and will be appointed to the audit committee. Based in
Canada, Johan is a C.A. and holds an MBA. He has wide ranging experience
in the listed company environment including regulatory affairs,
financings, mergers and acquisitions and corporate finance.
These changes to the board are in line with the ongoing operational and
strategic repositioning of the Company, ensuring that it has a board and
management team with the appropriate and committed skills to optimize its
performance and to unlock its inherent value for shareholders.
"We welcome Johan to the board and look forward to a long and productive
engagement with him. The additional technical and financial skills which
he brings will benefit the Company as it progresses with its growth
strategy," explains Mark Bristow, Chairman, Rockwell Diamonds. "We also
express our sincere gratitude to David for his loyal commitment and wise
counsel during his five year tenure as Chairman. With the changes that
have been implemented, Rockwell`s board has a good balance with its South
African based knowledge and experience being complemented by global focus
of our international directors."
For further information on Rockwell and its operations in South Africa,
please contact
James Campbell
CEO
+27 (0)83 457 3724
Stephanie Leclercq
Investor Relations
+27 (0)83 307 7587
No regulatory authority has approved or disapproved the information
contained in this news release
Canada
3 October 2011
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 03/10/2011 14:30:11 Produced by the JSE SENS Department.
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