Rockwell seals sale of non-core assets and gains traction with its recently announced strategic repositioning and business turnaround plan

February 20, 2017, Vancouver, BC -- 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...
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Rockwell’s third quarter results impacted by malicious litigation, however the strategic repositioning programme makes progress as new leadership is appointed and non-core assets along with related liabilities rationalised.

January 16, 2017, Vancouver, BC - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI) 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...
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