Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

DiamondCorp extends placing deadline

Diamondcorp has allowed extra time for the completion of a recently announced placing, as negotiations in South Africa continue
DiamondCorp extends placing deadline
Underground at the Lace mine

The conditions to DiamondCorp PLC’s (LON:DCP) most recent placing have not yet been met, the company has admitted.

Discussions with the Industrial Development Corporation of South Africa (IDC), and the agreement in principle reached with the Association of Mining & Construction Union last week is progressing, although not yet concluded.

Accordingly, DiamondCorp and broker Panmure Gordon have amended the Placing Agreement, and the fundraising is now conditional on admission of the new shares by 14 February, although a backstop date of 28 February has also been allowed for.

 

The rest of the terms of the placing remain the same, and DiamondCorp’s shares remain suspended, following the impact of catastrophic weather conditions on the company’s Lace mine in South Africa.

 

Alastair_55b0a5ec88c28.jpg


Register here to be notified of future DCP Company articles
View full DCP profile View Profile

Diamondcorp Plc Timeline

Newswire
February 28 2017
Newswire
November 16 2016

Related Articles

sapphires
January 30 2017
The gemstones producer mined almost 40,000 carats more than its original forecast of 800,000 in the final quarter of 2016
rubies
June 14 2017
Fosun said its 40.85p a share offer is a "compelling cash alternative"
Diamonds.jpg
January 05 2017
Gem International is sitting astride a huge diamond concession in Angola, with significant potential both for alluvial and for kimberlite production

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use