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Diamonds & gemstones

Paragon Diamonds delists from AIM

A reminder that the company's previously announced decision to quit AIM has become effective today

As indicated on 24 December, Paragon Diamonds (LON:PRG) has delisted from London's Alternative Investment Market (AIM).

The decision was announced after after the company conceded its funding discussions are unlikely to yield a satisfactory conclusion by the year-end.

It said it will work towards a re-listing either on the junior bourse or main market as soon as is practicable after a cash injection is secured.

The investment will allow Paragon to develop the Lemphane project and acquire the Mothae property. Both assets are in Lesotho.