DiamondCorp to raise funds for mine development
Friday, December 10, 2010
The company had conditionally placed 34 ,713, 796 new ordinary shares at 8,5p a share, representing a 11,7 percent discount to its share price.
In April, DiamondCorp raised £6,6-million to implement the decline development at its Lace mine, undertake drilling of its exploration projects in Botswana, pay down loan obligations and for general working capital.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...