Friday, July 14, 2017

DiamondCorp won £ 500,000 after Panmure Gordon Company exercised its right broker for the purchase of 8,481,660 common shares at a price of 6 pence each.
In a statement the company said that the proceeds from the sale of shares will be used to cover the operating expenses of the company.
"All proceeds from the issuance of shares for the broker worth £ 0.5 million, after deducting commissions and other expenses will be received by the company", - said in a statement DiamondCorp.
On the company received new funds in the amount of £ 1.5 million to increase production at the diamond mine Lace (Lace) in South Africa last week.
The company noted that the application was filed for the admission of brokerage shares traded on the AIM stock exchange and on alternative sites JSE stock exchanges.
http://royalpearljewelry.blogspot.ca/

1 comment:

Pearl Necklace said...

The De Beers noted that the sale of Kimberley Mines in South Africa is the most responsible and reasonable step of all the options considered by the company.
The mine was sold Ekapa Minerals and Petra Diamonds after a comprehensive bidding process conducted in assistance with Standard Bank.
Petra will pay about $ 3.6 million for a 49.9 percent stake in the mine, and the company Ekapa will own the remaining percentage of shares.
In 2014, the mine Kimberley (Kimberley) produced about 722,000 carats of diamonds, so she became the second in terms of production for De Beers in South Africa.
The representative of the group of companies Toma Tvidi (Tom Tweedy) last week reported that diamond mining company with less expenses will be better able to exploit the Kimberley Mines and do it longer than she De Beers.
De Beers has decided to sell the mine, because mining the remaining resources of the tailings require a more flexible, efficient and inexpensive operator.
Tweedy also said that the sale was the best way to extend the life of mine in excess of the expected closing in 2018.
The life cycle of the mine could be extended until 2030 by developing a low-cost operating model.
Meanwhile, De Beers has dispelled the fears of employees about possible cuts.
"Kimberly Mine is not closed, and sold on the terms Ekapa continuous activity of the enterprise This means that the provisions of Article 197 of the Labor Act will be applied to the workers at the mine." - says Tweedy.
"Under these provisions, all contracts of employees will be transferred to the new owner on terms that are generally no less favorable than the current", - he added.