Rockwell Diamonds Inc.
OTC Bulletin Board : RDIAF

Rockwell Diamonds Inc.

January 09, 2008 16:30 ET

Rockwell Completes Brokered Private Placement With the Johannesburg Stock Exchange Listing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2008) - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX VENTURE:RDI)(OTCBB:RDIAF)(JSE:RDI) has completed the brokered private placement announced November 28, 2007 and has issued a total of 24,010,285 common shares at a price of Cdn$0.60 per share for total proceeds of Cdn$14,460,771 concurrently with listing of Rockwell shares on the Johannesburg Stock Exchange.

The Company issued 500,000 common shares and paid a cash fee of Cdn$300,000 to Allan Hochreiter of Hyde Park, Johannesburg, South Africa as finder's fees in connection with the private placement. All shares issued pursuant to the private placement are subject to a hold period expiring on March 31, 2008.

Proceeds from the financing will be used to fund Rockwell's diamond operations and new project evaluation and development.

This news release is not an offer of securities for sale in the United States or in any other jurisdiction where they may not be lawfully offered or sold. The securities comprising this offering have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent such registration or an exemption from registration.

For further details on Rockwell and its diamond properties, please visit the Company's website at or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

John Bristow, President and CEO

Forward Looking and other Cautionary Information

This release includes certain statements that may be deemed "forward-looking statements". Other than statements of historical fact all statements in this release that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that each Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. There is no certainty of the financing completing. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, availability of capital and financing, geopolitical uncertainty and political and economic instability, and general economic, and market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Rockwell, Investors should review Rockwell's annual Form 20-F filing with the United States Securities and Exchange Commission at and the Company's home jurisdiction filings that are available at

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rockwell Diamonds Inc.
    Shawn Wallace
    Investor Services
    (604) 684-6365 or Toll Free: 1-800-667-2114
    (604) 684-8092 (FAX)