Red Deer, Alberta CANADA, February 09, 2012 /FSC/ - Diversified Industries Ltd. (DVS.H/NEX),("Diversified" or the "Company") is reporting that as of February 7, 2012 the Shares for Debt Transaction has been completed and the payments to creditors under the Proposal to Creditors were released by the trustee on February 8, 2012. The securities are subject to a hold period ending May 19, 2012.
For more information visit www.dvsind.com
On behalf of the Board of Directors:
"Larry Malazdrewicz"
_____________________________
Larry Malazdrewicz, President/CEO (Interim)
For investor information, please contact;
Larry Malazdrewicz, President/CEO (Interim)
Tomas Marshall, CFO
Phone: (403) 346-2149
e-mail: larry@cgcommit.com
e-mail : tmarshall@cfrchemicals.com
Parkland Mall, Suite 915
4747 - 67th Street
Red Deer, AB T4N 6H3
Statements made in this news release that relate to future plans, expectations, events or performances are forward-looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a web page, click onto the link below:
www.usetdas.com/PR/diversified09022012.htm
Source: Diversified Industries Ltd. (DVS.H - TSX-V) http:www.dvsind.com
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