Diamond Fields International Ltd.

Diamond Fields International Ltd.

June 17, 2013 12:13 ET

Diamond Fields Appoints New Chairman and Board Members

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 17, 2013) - Diamond Fields International Ltd. (TSX VENTURE:DFI) announces the following change of officers and directors, effective June 14, 2013:

Wayne Malouf is stepping down as a director and Chairman of the Company to focus more time on other business responsibilities, and is thus regretfully leaving the Company. He will continue to be available to provide DFI legal and other counsel. The Company thanks Mr. Malouf for the services he has rendered over the past five years, and wishes him the best success for this future.

Michael Cuthbert has been appointed as Chairman and a director of the Company, and replaces Mr. Malouf with immediate effect. Mr. Cuthbert joins DFI after having practiced law for more than 30 years. Mr. Cuthbert is a former partner of Clifford Chance LLP, and has served as regional managing partner and a member of its management committee responsible for its Russian and Central European operations as well as a managing partner of its New York office earlier in his career. During his career with Clifford Chance, Mr. Cuthbert he specialized in corporate finance, M&A and equity capital markets, with particular emphasis on the mining industry, and was ranked as one of the top mining law practitioners in London.

Also stepping down from the Board of Directors are Messrs. Gooroodo (Mahen) Sookun and Craig McLean. The Company would like to thank both Mr. Sookun and Mr. McLean for their tireless commitment to the Company.

The Company is pleased to announce that Dr. Warner Brückmann is joining the Board. Dr. Brückmann is a geologist with a background in metamorphic petrology and marine sciences. He has 25 years of experience in marine geotechnics, offshore oil and gas, and geohazard analysis, and has participated in more than 20 marine expeditions, including several drilling campaigns. He is the head of the "Energy and Resources" group at the Helmholz Centre for Ocean Sciences at Kiel, Germany, which focuses on the development of innovative technologies for geochemical, geotechnical and geophysical characterization of hydrocarbon and ore deposits for exploration and monitoring purposes.

With the foregoing changes, the Company's Board of Directors and officers are:

Michael Cuthbert, Chairman
Ian Ransome, CEO, President, COO and director
Earl Young, CFO, Secretary and director
Norman Roderic Baker, director
Gregg Sedun, director
Warner Brükmann, director


Ian Ransome, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Diamond Fields International Ltd.
    Ian Ransome
    + 1 604 685-9911

    Diamond Fields International Ltd.
    Earl Young
    + 1 604 685-9911
    +1 604 718-2808 (FAX)