Vancouver, BC / ACCESSWIRE / July 15th 2014 / Diamond Fields International Ltd. (DFI: TSX-V) ("DFI" or the "Company") is pleased to announce that it has arranged short-term debt financing of two hundred ninety thousand US dollar ($290,000 CDN) with Spirit Resources SARL, its largest shareholder. Interest on the funds shall accrue at six percent (6%) per annum. The loan is unsecured and matures December 31, 2014. Approximate use of proceeds will be as follows:
-$130,000 for audit fees, corporate services, administration, rent and legal;
-$75, 000 for exploration and development, including registrations and licensing;
-$ 85,000 for general working capital.
ON BEHALF OF THE BOARD:
SIGNED: "Ian Ransome"
Ian Ransome, Chief Executive Officer
For further information, contact Ian Ransome at +1 604 685 9911.
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.
SOURCE: Diamond Fields International Ltd.