Listed Mining Companies
3rd November 2009
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JOHANNESBURG (miningweekly.com) – South African diamond-miner DiamondCorp on Tuesday reported that it would place up to six-million fully paid ordinary shares, at 3p a share, to raise up to £600 000.
The new shares represented 14,6% of the company's issued share capital and would rank pari passu with all existing shares.
DiamondCorp said in a statement that it has applied for the new shares to be listed on the JSE and the LSE. The admission of the shares to trading on the Aim was expected on November 6.
The proceeds of the placing would be used to complete a drilling programme on the company’s Jwaneng South kimberlite exploration project, in Botswana, and for general working capital purposes.
Edited by: Chanel Pringle
