Friday, July 14, 2017
Kimberley Diamonds has completed the procedure for obtaining approximately $ 4 million from the issue of 40.25 million ordinary shares worth $ 0.10 each.
Chinese auction house, Zhejiang Huitong Auction, which has previously issued the diamond company a loan of $ 13 million, received nearly 7 million ordinary shares at a total cost of $ 704 120.
The transfer of shares of Zhejiang has become part of the payment of interest on the loan.
Placing rights was completed June 24, 2016, with 100% of missing shares were distributed among experienced professional investors, which helped to gain $ 3.57 million.
Now Kimberley Diamonds debt in favor of Zhejiang is approximately $ 11.3 million, the company said.
The first sale of diamonds from the mine Lera (Lerala) in Botswana will be conducted through an online auction in Antwerp June 28.
In May, the company has commissioned the processing plant at this mine.
It is expected that at Lera will produce an average of 357,000 carats per year.
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Lucapa Diamond Company and its partners - the state Endiama and private Rosas & Pétalas - sold a record diamond weighing 404 carats, found in Angola last month, for about $ 16 million.
Sales price of the diamond was 39 580 dollars per carat, and was a record for a white diamond, mined on the project Lulo (Lulo) in Angola.
"Selling just one diamond for $ 16 million confirms the enormous potential Lulo deposit for a regular diamond mining, which have both large size and world-class quality," - said General Director of Lucapa Vezeroll Stephen (Stephen Wetherall).
"We are very hopeful about the future Lulo project, continuing to mine diamonds in the exclusive areas of alluvial deposits We are increasing production capacity in the mining of diamonds in alluvial deposits and kimberlite exploration spend to identify the primary data source of diamonds.", - he concluded.
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