The company Stellar Diamonds said a conditional placement of 5.9 million new ordinary shares at a price of 5.5 pence each for £ 324 500.
The Company for the development of diamond deposits also asked some shareholders to subscribe for new ordinary shares, to receive up to £ 250,000 through an open offers.
Some investors also subscribed to ordinary shares at a price of 5.5 pence each, which will be equal to the gross proceeds of £ 76 000 in accordance with the terms of placement.
Thus, the total amount received by the company after the placement and public offering is expected to be not less than £ 400 000.
Revenues from the placement and public offering will be used for the promotion recently announced agreement on diamond mining on the project Tonguma (Tonguma), as well as for loan payments, which will provide the working capital of the company and allow to pay a fee for the ecological project license Tongo (Tongo) in Sierra Leone.
As stated in Stellar Diamonds, the negotiations for the acquisition of Tonguma diamond project in Sierra Leone Octea Mining, which owns the license to develop it, were discontinued. However, the company continues to work towards the completion of the transaction, which would allow to combine and achieve commercial production in the diamond concessions of high-priority fields Tongo region
Meanwhile, the company said that it has limited working capital, and therefore expects that trading of its shares will be suspended until the completion of the placement .
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The World Diamond Mark Foundation (WDMF) is currently coordinating the creation of the World Diamond Museum, which will be submitted to the public at the end of 2015.
The Fund interacts with the largest museums and collectors, and also searches for the greatest possible number of participants in the diamond community, representatives of the precious stones and jewelry industry, so that they can use their knowledge and experience in creating this grandiose project.
Alex Popov, chairman of the WDMF, said: "Why not return the diamonds to where they belong - in the art world?" In order not to be unfounded,
I invite everyone to join me and my colleagues in WDMF and take part in the project of creating the World Diamond Museum, which is currently being worked on by leading world leaders and designers. " Recently, WDMF signed a cooperation agreement with the Museum of Named Diamonds (Museum of Named Diamonds, MoND.) This initiative aims to return the diamonds to that special place in the dreams and thoughts of the consumers they
deserve.As one of the points of preparation for the opening of the World Diamond Museum, WDMF will support diamond Th exhibition in Dubai in 2016. Fedor Lisova, Rough & Polished, Moscow Recently, WDMF signed a cooperation agreement with the Museum of Named Diamonds (MoND). This initiative is aimed at returning to diamonds that special place in the dreams and thoughts of consumers that they deserve. As one of the preparations for the opening of the World Diamond Museum, WDMF will support diamond exhibitions in Dubai in 2016.
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