December 22, 2016 / 10:24 PM / 7 months ago

BRIEF-Rockwell enters into a sale agreement for non-core assets

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Dec 22 (Reuters) - Rockwell Diamonds Inc

* Entered into purchase and sale agreement with NELESCO 318 proprietary for certain assets and assumption of certain liabilities

* An impairment of c$1.25m book value is expected to be recorded on transaction

* Agreement for cash consideration of c$4.3 million, assumption of c$6.7 million in rehabilitation liabilities, transfer of almost 100 employees

* Rockwell enters into a sale agreement for non-core assets as part of its recently announced strategic repositioning and business turnaround plans Source text for Eikon: Further company coverage:

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