African Diamonds raises cash for AK6

The company said it expects to use the funds to develop and expand its exploration activities in Botswana including its De Beers joint venture projects, and for working capital purposes.
African Diamonds have a joint venture with De Beers over the AK6 kimberlite around Orapa areas.
"The placing of shares with institutions in Botswana is an important step for African Diamonds. It compliments our Botswana stock exchange listing and the 200 plus Botswana-based shareholders on our share register", chairman John Teeling said.
(AFX News Limited)