Diamond Fields Provides Update on Proposed Acquisition of Moydow

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Apr 20, 2022

VANCOUVER, BC / ACCESSWIRE / April 20, 2022 / Diamond Fields Resources Inc. (TSXV:DFR) ("DFR" or the "Company") wishes to update its shareholders on the status of the acquisition (the "Acquisition") of Moydow Holdings Limited ("Moydow") pursuant to the transaction (the "Transaction") announced on August 25, 2021 (the "Transaction Press Release"). The TSX Venture Exchange (the "Exchange") has provided conditional approval to the Acquisition, subject to shareholder approval to the Transaction and other standard conditions. The Company has scheduled an Annual General and Special Meeting of the shareholders of the Company to be held on June 9, 2022 (the "Meeting") to, among other things, seek approval to the Transaction. The Exchange has also provided conditional approval to the Founder Investments as referred to in the Transaction Press Release and has provided conditional approval to the New Financing announced in the March 11, 2022 Press Release.