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Gold/Mining/Energy : Diamond Fields International Ltd. (DFI.T) -- Ignore unavailable to you. Want to Upgrade?

To: John Thomas who wrote (52)	9/9/1999 3:24:00 PM
From: Valuepro	Read Replies (1) \| Respond to of 141

Thanks for that observation, John. Sounds good to me. Say, my records are a little confused. Did we have a reverse split some time ago? VP

To: John Thomas who wrote (52)	9/9/1999 4:58:00 PM
From: russet	Read Replies (2) \| Respond to of 141

Hi John, Now I wish I'd bought a lot more DFI at sub $1.00 levels, when we first started talking together on this thread, and I wish I had not sold any on the way up. DFI continues to show good strength. I have no NMR. Missed it completely even though George Tromp gave some good hints about it several times in the last year. Have looked at Sedar to get some information. It looks like they have a good chance at getting control of Ocean Diamond Mining. They have a third of the shares now, and options which if exercised will give them 51%. Lots of stuff about NMR on Sedar. data.http://www.sedar.com/dynamic_pages/assoc_docs_e/d00002459.htm I have some Noira Explorations (NXI.M), which hasn't jumped much at all. Their concessions are deep water off Namibian coast, just found an NR detailing it. Not a sure thing, like DFI appears to be now, but may be the next thing. Might take a jump if they can get that lawsuit behind them. Cheers, Nora Exploration Inc NXI Shares issued 26,493,541 1999-08-30 close $0.4 Tuesday Aug 31 1999 Mr. Pierre Leveille reports Nora Exploration plans to complete a private placement with five parties totalling $2.05-million. Four of the subscribers to the placement are associated with Kestrel SA, a financial services company in Switzerland. Members of Nora's management will participate in the placement for an amount of $100,000. The private placement will comprise 8.2 million units priced at 25 cents per share. Each unit consists of one share and a half warrant. Each full warrant will entitle the bearer to acquire an additional share at 33 cents over a period of 18 months. The funds will be employed as follows: A total of $975,000 will be used to increase Nora's interest in the Namibian Gemstones concession. In terms of the joint venture agreement with Namibian Gemstones, Nora will issue 1.1 million shares and pay $975,000 to increase its interest from 40 per cent to 60 per cent. A total of $600,000 will be used toward a loan agreement between Nora and Hartor Investments Inc., which is currently in dispute. These funds will be deposited in trust with Quebec's Superior Court and will not be transferred to Hartor until the courts so rule or until a settlement is reached between the parties. A total of $475,000 will be retained by the corporation as working capital. The closing of the placement shall be no later than Sept. 20th, 1999. The placement is subject to regulatory approval and may require shareholder consent with respect to the portion to be subscribed for by the members of Nora's management. During the week of July 30, 1999, the corporation's attorneys submitted Nora's legal defence against Hartor's lawsuit filed in April, 1999, which defence includes a counterclaim for damages amounting to $1.7-million. Nora's attorneys consider that the lawsuit has caused damages to Nora for which it is seeking compensation. Nora's management and legal advisers are of the opinion that the Hartor lawsuit is unfounded and will have no adverse effect on the future development of the corporation's projects. Furthermore, Peter Bond, president of Hartor and a director of Nora's board of directors, has tendered his resignation as a director of Nora effective Aug. 26, 1999. The corporation will maintain its focus on the development of the Namibian Gemstones concession. Management, in conjunction with Nora's technical advisers, is now preparing the next stages of the exploration program, which will include a geophysical survey of targeted areas followed by low-cost dredging and bulk sampling. The Namibian Gemstones concession, the second largest offshore marine diamond concession in Southern Africa, comprises a block of 23 continuous deep-water concessions measuring approximately 23,000 square kilometres in total extent. The block extends from the Namibian-South African border northward along the outer edge of the continental shelf and on the continental slope. The southern part of Nora's concession adjoins that area of NAMDEB's concessions from which the majority of De Beers Marine Corp.'s diamonds are derived. Of fundamental importance are the age and origin of the various seabed sediments and the relationship they may have to periods when diamonds were introduced into the area via the Orange River drainage system. It is believed probable that during the Oligocene Age (22 to 37 million years ago), the sea level was significantly lower than its current level and that the Orange River discharged directly into the area of the Namibian Gemstones concession. Sediments of this age are therefore likely to contain diamonds. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com