AfDiamonds plans to raise its stake in AK6
Friday, April 09, 2010
The company announced to shareholders on Tuesday that it had undertaken a conditional placing of about 24 million shares at £0,40 a share. The junior diamond miner is planning to increase its stake in the mine to 40 percent, up from its current 29 percent, with Canada's Lucara Diamond Corp. holding the remainder of the shares in the project.
African Diamonds directors will invest $1.5 million (GBP 1 million) for the share placement. The new shares are scheduled to be admitted to London's Alternative Investment Market (AIM) on April 8, 2010.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...