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.