arranged short-term debt financing of $290k 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.
Website: www.diamondfields.com