Botswana Diamonds has undertaken a share placing with existing and new investors to raise £370 000 through the issue of just over 67.2-million new ordinary shares at a placing price of 0.55p a placing share. Advertisements
Shares in Botswana Diamonds (LON:BOD) climbed almost 16% on Thursday after it revealed that Vast Resource (LON:VAST), with which it has signed a memorandum of understanding to develop diamond resources in Zimbabwe, had been awarded exclusive access to a diamond concession in the African nation’s Marange Fields area.
Read MoreBotswana Diamonds has signed a memorandum of understanding with Vast Resources for the exchange of information derived from past exploration on areas prospective for diamonds in Zimbabwe.
Read MoreA diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers.
Read MoreBotswana Diamonds has started drilling at the Ontevreden kimberlite pipe, which is part of the company’s Vutomi Joint Venture in South Africa and which contains significant quantities of G10 and G9 garnets.
Read MoreBotswana Diamonds has discovered eight group one kimberlites at its Free State project.
Read MoreShares in London-listed Botswana Diamonds (LON:BOD) received a fresh shot in the arm on Friday after the miner said that sampling work at its Ontevreden licence in South Africa seems to prove the presence of high-grade kimberlite pipes.
Read MoreShares in London-listed Botswana Diamonds (LON:BOD) climbed as much as 24% after it announced that prospecting work at the Ontevreden licence, in South Africa, had identified a group 2 kimberlite pipe.
Read MoreShares in London-listed Botswana Diamonds (LON:BOD) climbed nearly 7.5% Tuesday after the company announced that it has begun exploration in the country’s Orapa region.
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