| Thu 9 Dec 2010, 9:00 | | DMC - DiamondCorp Plc - Placing of new shares |
|
DMC
DMC
DMC - DiamondCorp Plc - Placing of new shares
DiamondCorp plc
JSE share code: DMC & AIM share code: DCP
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp" or "the Company")
NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR
ANY OTHER JURISDICTION IF TO DO SO WOULD CONSTITUTE A VIOLATION OF THE LAWS OF
SUCH JURISDICTION
Placing of new shares
The Board of DiamondCorp, the South African diamond mining and exploration
company, is pleased to announce that it has conditionally placed 580,322 new
ordinary shares ("Placing Shares") at 8.5 pence per share (the "Placing Price")
to raise, in aggregate, GBP49,327.37 gross proceeds for the Company. The Placing
Price represents a discount of 4.3 per cent. to the closing mid-market price of
8.88 pence on 8 December 2010, being the last practicable date prior to the
posting of this announcement. The net proceeds of the placing will be used as
working capital by the Company.
Taking account of the placing announced today and the placing announced on 7
December 2010 (the placing of 34,713,796 New Ordinary Shares at 8.5 pence per
share), the Company will have raised a total of GBP3 million (before expenses),
assuming that all resolutions are passed at the Company`s general meeting to be
held on 22 December 2010. The total number of issued shares following both
placings will be 183,873,651.
The new ordinary shares will, when issued and fully paid, rank equally in all
respects with the existing ordinary shares, including the right to receive any
dividend or other distribution declared, made or paid after the date of their
unconditional allotment.
It is expected that the AIM Admission will become effective and that dealings in
the Placing Shares will commence at 8.00 a.m. (UK time) on 23 December 2010, and
the AltX Admission will also become effective and that dealings in Placing
Shares will commence at 10:00 a.m. (UK time) on 23 December 2010.
For further information, please contact:
DiamondCorp plc
Paul Loudon, Chief Executive
+44 20 7256 2651
Cenkos Securities plc
Nominated Advisor and Joint Broker
Ivonne Cantu / Liz Bowman / Will Dymott
+44 20 7397 8900
Fairfax I.S. PLC
Joint Broker
Ewan Leggat
+44 207 598 5368
PSG Capital (Pty) Limited
John-Paul Dicks
+27 21 887 9602
Date: 09/12/2010 09:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
