DiamonEx To Sell Major Stake In Bots Subsidiary

Company secretary Paul Crawford last Friday said in a statement that they have finalised the key terms of a conditional agreement for the sale of 80 percent of the shares in Diamonex Botswana Limited to  FAMB, which is  acting for DiamonEx Convertible Bond Holders.

DiamonEx will retain a 20 percent interest in the subsidiary, while also transferring its diamond exploration tenure, in Colorado, in the United States of America (US), to buyers.