Kimberley seeks P83m to reopen Lerala Mine

Tuesday, August 26, 2014

Australian firm Kimberley Diamonds has emplaced plans to raise cash from shareholders to fund the re-opening of Lerala Diamond mine.

The ASX-listed firm, which bought the mine in the central district last year from UK-based Mantle Diamonds, last Friday announced that it would be undertaking a non-renounceable pro-rata rights issue to raise nearly A$10-million (P83 million).

“Eligible shareholders in Australia and New Zealand would be able to purchase one new share for every two existing shares held, at a price of 19 cents each.

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Kimberley seeks P83m to reopen Lerala Mine

Australian firm Kimberley Diamonds has emplaced plans to raise cash from shareholders to fund the re-opening of Lerala Diamond mine.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!