DiamonEx suspends trading of shares again

Following the placement of DiamonEx Botswana under judicial management in January, the company suspended the trading of its shares on the Australian Securities Exchange, AIM and Botswana Stock Exchange (BSE) until yesterday. A statement released by the company secretary Paul Crawford said yesterday that DiamonEx's shares will remain suspended from trading on the ASX until the company board confirms its plans for the future.

"The Judicial Management Order which has been granted to DiamonEx's wholly owned subsidiary, Diamonex Botswana Limited, remains in place following the court hearing regarding the order which took place on Friday, 27 February 2009.  A further hearing regarding the Judicial Management Order has been set down by the court for Friday, 27 March 2009.   DiamonEx will update the market once further details of the plans regarding Diamonex