The Company is currently conducting exploration work at its diamond project Dala (Dala) in Angola.
The Gem International said that 12 million shares will be sold at a price of $ 0.05 per unit.
In addition, each of the papers will consist of one share and one coupon for the purchase of additional share for two years at a price of 15 cents per share.
Recently, the company changed its existing agreement with Global Gems to obtain additional interest in the diamond project Dala (Dala) in the province of Lunda Sul, Angola.
The Gem was informed that the project will be expanded to include the plan for exploration and development rights to six well-known kimberlite pipes.
On this project, say the diamond company, has been very limited exploration done, and it has not been fully evaluated.
Companies still have to check some kimberlite magnetic areas. Also, according to the Gem, for Dala there is an extensive database.
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Rio Tinto has confirmed that it has completed the first demonstration of a diamond in the Indian center of the diamond trade (India Diamond Trading Centre) of the Indian Diamond Exchange (Bharat Diamond Bourse) in Mumbai, where there is a special customs zone (Special Notified Zone, SNZ), noted in the DIB Online .
23-25 November Mumbai diamonds from the Argyle fields (Argyle) and Diavik (Diavik) have been demonstrated, which were then returned to the auction in Antwerp.
These shows - the first, which took place in IDTC - provide local businesses with easier access to product and increase the efficiency of interaction. Active participation in them took Indian traders and producers of diamonds, according to Rio Tinto.
Patrick Coppens (Patrick Coppens), CEO of the diamond business Rio Tinto, said: "We are very pleased to be the first diamond company to use high-tech equipment IDTC for showcasing diamonds, and we congratulate the Indian Diamond Exchange and Export Promotion Council of precious stones and jewelry products (Gem & Jewellery Export Promotion Council, GJEPC) to the fact that they have created a solid infrastructure and working to ensure that it was a success. Our presence in the Indian diamond trade center in Mumbai confirms our approach "from field to market" and our commitment to the close contact with our customers across all sales channels. "
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