Kimberley seeks P83m to reopen Lerala Mine

Lerala Mine
Lerala Mine

Australian firm Kimberley Diamonds has emplaced plans to raise cash from shareholders to fund the re-opening of Lerala Diamond 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.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up