Diamondcorp raises 1m sterling

DIGITAL CAMERA

DIGITAL CAMERA

Published Oct 19, 2012

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Southern African diamond development and exploration company DiamondCorp plc (DMC) has placed 28‚571‚430 new ordinary shares of 3 pence each in the company at a price of 3.5 pence per share to raise‚ in aggregate‚ GBP1 million gross proceeds.

The net proceeds of the placing - which are expected to be approximately GBP 940‚000 - will be used to fund the development of the Lace mine‚ corporate overheads and for general working capital purposes‚ the company said Friday. - I-Net Bridge

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