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Diamonds & gemstones

Obtala Resources raises Kopane Diamonds stake to 29.75 pct

Kopane Diamond Developments PLC (AIM: KDD) said it received notification today that as at May 8 2009, Obtala Resources PLC (AIM: OBT) holds in aggregate 65,335,000 Kopane shares, representing 29.75 percent of the issued share capital.

In March 2009, Obtala invested £1.75 million for a 23 percent stake in Kopane Diamonds.