Stellar Diamonds (LON:STEL) has arranged a US$150,000 bridging loan to tide it over while it finalises a share and convertible loan issue.
Deutsche Balaton, which is backing the share and loan issue, is also providing the bridge finance that will be repaid when the £1.26mln financing completes.
Interest on the bridge loan will be 8% per annum and Stellar's chairman, Lord Daresbury, has issued a personal guarantee for its repayment.
The money will help Stellar restart trial mining at Baoulé in Sierra Leone and to submit a mining licence application at Tongo without having to wait for approval at a general meeting.
The aim at Baoulé remains to process 100,000 tonnes of kimberlite to justify the next stages of project development.
Shares were 3% lower at 0.313p.