Kimberley seeks P83m to reopen Lerala Mine
Tuesday, August 26, 2014
![Lerala Mine](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2014/august/26/phpE81B.tmp.jpg&w=400&q=72&f=jpg&t=1)
Lerala Mine
The ASX-listed firm, which bought the mine in the central district last year from UK-based Mantle Diamonds, last Friday announced that it would be undertaking a non-renounceable pro-rata rights issue to raise nearly A$10-million (P83 million).
“Eligible shareholders in Australia and New Zealand would be able to purchase one new share for every two existing shares held, at a price of 19 cents each.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...