Pala announces sale of Rockwell shares <!-- RELHEAD END ý <!-- RELBODY START ý <font size="2"ýTORONTO, June 23 /CNW/ - Pala Investments Holdings Limited ("Pala")<brý</pý <font size="2"ýTORONTO, June 23 CNW - Pala Investments Holdings Limited ("Pala") announced today that Mr. Gregory Radke, Pala's representative on the board of directors of Rockwell Diamonds Inc. ("Rockwell"), resigned as a director of Rockwell effective June 18, 2009. Pala also announced that it has sold 6,500,000 common shares of Rockwell, representing approximately 2.7% of the total number of common shares of Rockwell currently issued and outstanding, as known by Pala. Pala's total ownership of securities of Rockwell on completion of the disposition is 40,966,900 common shares, representing approximately 17.2% of the total number of common shares of Rockwell currently issued and outstanding, as known by Pala. Pala is located at 12 Castle Street, St Helier, Jersey JE2 3RT. The sale of shares took place through the facilities of the Toronto Stock Exchange. Pala disposed of the shares for investment purposes. Pala may acquire or dispose of any of its shares in Rockwell as market conditions warrant, but subject to applicable regulatory restrictions.
http://www.newswire.ca/en/releases/archive/June2009/23/c9339.html |