Diamond Fields Resources Inc. completed the acquisition of 80% percent stake in Moydow Holdings Limited from Brian Kiernan.
The transaction is subject to approval by the TSX Venture Exchange, DFR shareholders approval, and completion of satisfactory confirmatory due diligence by DFR. Diamond Fields Resources Inc. announces that it will delay the date of its annual, general and special meeting of shareholders ("ASM"), initially expected to be held prior to December 31, 2021, to a date to be confirmed in early 2022. The Transaction is expected to close in the first quarter of 2022. As of March 11, 2022, the transaction is expected to close during the second quarter of 2022.
The TSX Venture Exchange has provided conditional approval to the Acquisition, subject to shareholder approval to the Transaction and other standard conditions. Diamond Fields Resources Inc has scheduled an Annual General and Special Meeting of the shareholders of the Company to be held on June 9, 2022. The particulars of the Transaction will be mailed to shareholders in mid-May 2022. Subject to shareholder approval. As of June 9, 2022 Diamond Fields Resources Inc. (TSX-V:DFR) shareholder approved the deal. The Transaction is anticipated to close in mid-June 2022.
Diamond Fields Resources Inc. (TSXV:DFR) completed the acquisition of 80% percent stake in Moydow Holdings Limited from Brian Kiernan on June 29, 2022. The transaction is subject to final approval by the TSX Venture Exchange.