Rockwell Diamonds Inc.

Judge grants Company's application for business rescue; liquidation now stayed. VANCOUVER, May 19, 2017 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI)  provides an update to the interim liquidation application brought by C-Rock Mining Limited (''CML'') against three subsidiaries of the Company, which resulted in a provisional winding-up order having been issued by a judge in Kimberley [...]

VANCOUVER, May 2, 2017 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI) provides an update to the interim liquidation orders brought by C-Rock Mining Limited (''CML'') against three subsidiaries of the Company issued by a judge in Kimberley South Africa on March 23, 2017. The interim orders, which have yet to be confirmed in a final hearing which will include adjudication of the merits of [...]

VANCOUVER, April 21, 2017 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI)  provides a further update to the interim liquidation orders against three subsidiaries of the Company issued by a judge in Kimberley, South Africa on March 23, 2017. The interim orders, which have yet to be confirmed in a final hearing which will include adjudication of the merits of the application and which has not [...]

VANCOUVER, April 17, 2017 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI) provides an update to the interim liquidation order against three subsidiaries of the Company issued by a judge in Kimberley, South Africa, on March 23, 2017. The interim orders, which have yet to be confirmed in a final hearing, include Rockwell Resources RSA (Pty) Ltd (Rockwell RSA), HC van Wyk Diamonds Ltd (HC van [...]

VANCOUVER, March 24, 2017 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI)  announces that a judge in Kimberley South Africa issued an interim liquidation order against three subsidiaries of the Company yesterday. The interim orders, which have to be confirmed in a final hearing, include Rockwell Resources RSA (Pty) Ltd (Rockwell RSA), HC van Wyk Diamonds Ltd (HC van Wyk) and Saxendrift Mine [...]

VANCOUVER, Feb. 20, 2017 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI)  announces that it has concluded the sale transaction entered into with Nelesco 318 Proprietary Limited ("Nelesco") for certain assets, the assumption of ZAR70M (CAD $7.0M) in rehabilitation liabilities, the transfer of 100 employees and a cash consideration of ZAR45M (CAD $4.5M) as announced in December 2016. The [...]

Rockwell Diamonds announces results for the three months ended November 30, 2016. Currency values are presented in Canadian dollars, unless otherwise indicated. Salient features Gross loss - loss of $(3.4) million before amortisation and depreciation for Q3 F2017. Net Loss - net loss of $(5.5) million for the quarter, compared to $(10.5) million net loss for Q3 F2016. Rough diamond revenues - declined by 65% year-on-year [...]

VANCOUVER, Dec. 22, 2016 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI)  announces that it has entered into a purchase and sale agreement with Nelesco 318 Proprietary Limited ("Nelesco") for certain assets and the assumption of certain liabilities for cash consideration of R45M (CAD $4.3M), and the assumption of R70M (CAD $6.7M) in rehabilitation liabilities, and the transfer of almost 100 [...]

VANCOUVER, Nov. 29, 2016 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI) announces that the spoliation application by C-Rock Mining Limited ("CML") was dismissed with costs. Earlier today, the High Court in Kimberley, South Africa, dismissed CML's application for a spoliation order and awarded all costs to Rockwell. This decision clears the way for the Company to resume its mining [...]

VANCOUVER, Nov. 24, 2016 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI) announces the following update on its Business Repositioning Plan and latest developments on the mining contract. Business Repositioning Rockwell disclosed in the second quarter Management Discussion and Analysis issued in mid-October that it was undertaking a strategic review of its assets and business options. The [...]