In Botswana, Diamonds announced receipt of funds of £ 282,500 thanks to the issuance of 28.25 million common shares with a placement price of £ 0.01 each.
In a statement sent to Rough & Polished, Botswana Diamonds director John Teeling said that the funds would be spent on geological exploration of the company's project in Botswana, as well as other needs related to working capital.
New shares will be considered equivalent to existing ordinary shares of the company.
The statement also said that the request for trading in securities in the Alternative Investment Market (AIM) will be sent to representatives of the exchange for three weeks.
"After the issue of new shares, their total number will be 224,478,267 common shares at a price of £ 0.01 each, together with each of the shares the right of one vote will be available," Botswana Diamonds said.
In 2013, Botswana Diamonds established a geological exploration company jointly with the Russian ALROSA.
A group of ALROSA employees engaged in geological exploration, defines a number of objectives in the Orapa area, Botswana.
The company recently completed the second phase of exploration on three blocks owned by the joint venture in the area.