https://www.miningweekly.com

Tim Leslie steps down from BlueRock board

14th October 2022

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

Aim-listed BlueRock Diamonds nonexecutive director Tim Leslie has stepped down from the board with immediate effect.

The board has thanked Leslie for his commitment to the company over what it says has been a “transformational period” for the business and wished him success in the future.

BlueRock had previously notified of Leslie’s intention to step down and says the search for a suitable candidate to succeed him is well under way.  

CONVERTIBLE LOAN NOTE

BlueRock has also provided an update on its £462 500 convertible loan note held 50% by Leslie.

Following the partial repayment and extension of the term of the company’s original £925 000 convertible loan note during 2021, the remaining balance of £462 500 is due for repayment on October 16.

The company has made a proposal to the holders of the convertible loan note to defer its repayment over a period of months to provide it with additional cash headroom as it continues to invest in developing its Kareevlei diamond mine, in the Kimberley region of South Africa.   

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

North Ridge Pumps
North Ridge Pumps

North Ridge Pumps is an independent manufacturer of pumps. We have a proven track record for product support and customer service throughout the...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.046 0.67s - 111pq - 2rq
Subscribe Now