https://www.miningweekly.com
Africa|Botswana|Diamonds|Exploration|Mining|Resources
Africa|Botswana|Diamonds|Exploration|Mining|Resources
africa|botswana|diamonds|exploration|mining|resources

Botswana Diamonds raises £250 000 for exploration

28th January 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Aim-listed Botswana Diamonds has undertaken a placing with existing and new investors to raise £250 000 to fund exploration activities in Botswana, Zimbabwe and South Africa.

The company will issue about 41-million new ordinary shares, at a placing price of 0.6p apiece.

Each placing share has one warrant attached, which allows investors to subscribe for one new ordinary share at 0.6p apiece for two years.

In South Africa, the company is exploring prospective rights together with Vutomi Mining, with the rights spanning 50 000 ha in Limpopo, North West and Free State.

In Zimbabwe, it is exploring the Marange diamond fields, together with Aim-listed Vast Resources.

In Botswana, the company and its 51%-owned subsidiary Siseko Minerals are exploring the Maibwe Diamonds prospects, together with Botswana’s State-owned base metal producer BCL and Future Minerals.

Additionally, it is also exploring two other areas in Botswana, and the Orapa and Kalahari regions, of which Orapa is in joint venture with Russian diamond miner Alrosa.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Magni SA
Magni SA

Magni SA is committed to developing the safest Telehandlers available to our customers for underground and surface mining, construction, forestry,...

VISIT SHOWROOM 
Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds today supplies steel and tube, pipe and fittings, valves, pumps, irrigation, fencing, profiling and roofing products. The cash...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.123 0.162s - 107pq - 2rq
Subscribe Now