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New Listing Bulletin

For Immediate Release

99/01


CONTACT:

JANUARY 14, 1999

WADE J. MURRAY
information@vse.ca
(604) 643-6592
Diamond Fields International Ltd. Lists on the VSE

 

Effective at the opening on January 14, 1999, Diamond Fields International Ltd. commenced trading on the Vancouver Stock Exchange. The company is classified as an "Advanced" company and trades under the symbol "DFI".

Under the corporate jurisdiction of the Yukon Territory of Canada, Diamond Fields International Ltd. is engaged in the acquisition, exploration and development of diamond properties. The company is focussing on sea mining activities in southern Africa. The company is a successor to Diamond Fields Resources Inc (VSE-"DFR" delisted in March, 1995 at the request of the company) and was created to continue the operation of Diamond Fields diamond properties and assets following the acquisition of DFR by Inco Limited in 1996.

The company’s Prospectus qualifies for distribution as follows: upon conversion of 9,999,999 Special Warrants and exercise of 220,000 Special Options, the holders will receive 10,219,999 common shares and 10,219,999 common share purchase warrants. The offering is a special warrant conversion and all the units are being issued to the private placees of the special warrants. Upon conversion of the special warrants and exercise of the special options there will be 41,179,949 common shares issued and outstanding. The private placement price is US $0.30 per special warrant and US $0.40 per common share until August 19, 1999 and US$ 0.60 per common share until August 19, 2000. First Marathon Securities is the Sponsoring Member and Montreal Trust Company of Canada is the transfer agent for the company.

For further information, please refer to the Company’s Prospectus dated December 16, 1998.

DIAMOND FIELDS INTERNATIONAL LTD.
Daniel D. Johnson, President
9th Floor 200 Burrard Street
Vancouver, BC V6C 3L6
Telephone (604) 682-2113

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