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Firestone Diamonds

Update on Option Agreement for Botswana operations

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RNS Number : 8729K
Firestone Diamonds PLC
18 December 2018
 

18 December 2018

 

Firestone Diamonds plc

("Firestone" or the "Company")

 

Update on the Option Agreement in respect of Botswana operations

 

Further to the announcement on 24 May 2017, Amulet Diamond Corporation ("Amulet") has today confirmed they are not exercising the option to acquire Firestone's wholly owned subsidiary Firestone Diamonds (Botswana) (PTY) Limited ("Firestone Botswana") and its 90 per cent. interest in Monak Ventures (PTY) Limited ("Monak") (together the "Botswana Companies"), which hold Firestone's interests in Botswana. The Company remains however in active discussions with Amulet on the sale of these Botswana Companies.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

For more information please visit www.firestonediamonds.com or contact:

 

Firestone Diamonds plc

+44 (0)20 8741 7810

Paul Bosma

Grant Ferriman

 




Macquarie Capital (Europe) Limited (Nomad and Broker)

+44 (0)20 3037 2000

Nick Stamp

Nicholas Harland

 




Tavistock (Public and Investor Relations)

+44 (0)20 7920 3150



Jos Simson


Gareth Tredway

Annabel de Morgan


 

About Firestone

Firestone is an international diamond mining company with operations focused in Lesotho. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine in Lesotho.  Lesotho is emerging as one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: £0.01

Market: AIM
Market Cap: £5.8 m
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