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EXTENSION OF AFGEM TRANSACTION |
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Symbol: RXD Rex Diamond Mining Corporation and Afgem Resources Limited are announcing that they have jointly agreed to extend the time for completion of certain conditions precedent in connection with the proposed sale of Rex's South African diamond mines to Afgem. The proposed transaction was previously announced in August 2004. All conditions precedent to the transaction have been waived or completed, except for the receipt of certain regulatory approvals and for Afgem obtaining the approval of its shareholders. Rex and Afgem have agreed to extend the time for completion of these matters to December 31, 2004.
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