Proactive Investors - Run By Investors For Investors

Diamondcorp reports good progress on placing, extends close date

The company announced last week it would raise £1mln through a placing at 4p
picture of pound  notes
Very good progress is being made on placing, according to Diamondcorp

Diamondcorp Plc (LON:DCP) has extended the closing date for a funding that will bring its diamond mine out of the South African equivalent of administration.

It announced last week it would raise £1mln through a placing at 4p as a first step in pulling the Lace mine out of Business Rescue.

The AIM-listed diamond miner said ‘very good progress’ was being made with the share issue but it had pushed the close date back to 20 January to help some interested parties.

A condition of the placing is that a labour agreement is reached with the AMCU union at Lace over back wages and staff reductions.

View full DCP profile View Profile

Diamondcorp Plc Timeline

Newswire
February 28 2017
Newswire
January 31 2017
Newswire
November 16 2016

Related Articles

Crushing machine
August 24 2018
While the fault with BlueRock's cone crusher was being rectified, a rented crusher was installed on site at Kareevlei at modest additional cost
1532431420_Fura---rubies.jpg
July 24 2018
If it does decide to list in London, Fura will fill the coloured gemstone gap left by the departure of Gemfields
Richland
April 03 2018
The strategic review aims to assess how the company can best leverage its position as the owner of one of the world's largest sapphire mines.

© Proactive Investors 2018

Proactive Investors 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