Nyota Minerals Regulatory News (NYO)

18 Jan 2007 09:09

Dwyka Diamonds Limited18 January 2007 FURTHER INFORMATION REGARDING ACQUISITION OF BURUNDIAN NICKEL PROJECT Further to yesterday's announcement, Dwyka Diamonds Limited ("Dwyka" or "theCompany") (London AIM & ASX) wishes to advise that the consideration of up toUS$5,000,000 worth of Dwyka shares payable to acquire all of the shares inDanyland Limited, the owner of the Muremera nickel project in Burundi, will bedetermined having regard to the weighted average of the prices at which Dwykashares were traded on the Alternative Investment Market of the London StockExchange ("AIM") during the five day trading period immediately before the dayon which the completion of such acquisition occurs (expected to be no later than24 January 2007). As stated in yesterday's announcement, the total consideration payable toacquire the Muremera project comprises an upfront payment of US$2,000,000 worthof Dwyka shares, plus certain additional payments of up to US$3,000,000 in Dwykashares subject to the achievement of certain project milestones. For further information please contact: Melissa Sturgess (Chairman, Dwyka Diamonds): +61 (0)8 9324 2955 Adrian Griffin (CEO, Dwyka Diamonds): +61 (0)8 9324 2955 Richard Brown (Ambrian Partners): +44 (0)207 776 6417 Richard Chase (Ambrian Partners): +44 (0)207 776 6461 Laurence Read/Leesa Peters (Conduit PR): +44 (0)207 429 6605 or +44 (0)7979 955 923 Or visit http://www.dwykadiamonds.com This information is provided by RNS The company news service from the London Stock Exchange