Kimberley seeks P83m to reopen Lerala Mine

Tuesday, August 26, 2014

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.

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