Firestone to decide on new acquisition deal

Tuesday, August 17, 2010

Shareholders of Botswana's latest diamond junior miner, Firestone Diamonds, will meet next month to vote on a proposed acquisition of South African Kopane, a transaction that will catapult the former from a junior company to a mid-tier miner, if it goes through.

Firestone, which is expected to list on the Botswana Stock Exchange (BSE) soon, last month released details of its proposed takeover of Kopane through a scheme of arrangement.

An all-share offer by Firestone will involve 0,4657 of a share for every Kopane share.

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The Projects Magazine today launched The Future of Mining Summit, set to become the country’s premier mining conference. The event is scheduled for 12th and 13th of June 2024, at Boipuso Hall, Fairgrounds in Gaborone.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

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