On February 8, 2023, DFR Gold Inc. (“DFR”) (formerly Diamond Fields Resources Inc.), completed the sale of its Namibian diamond mining business by way of the sale of the shares of Diamond Fields Namibia (Pty) Limited and Namibian Diamond Company (Pty) Limited to Jean Boulle Diamond Mines Ltd. DFR is entitled to receive a cash consideration of US $100,000 and a 1% royalty of net sales from the Namibian diamond assets after allowing for selling related costs.
Fasken advised DFR with a team led by John Sabetti and including Al Gourley and Chelsea Young.
