Issue of Shares

RNS Number : 1082B

BlueRock Diamonds PLC

05 October 2020

 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

5 October 2020

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

Issue of Shares

BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa ("Kareevlei" or the "Project"), announces that 21,935 ordinary shares have been issued at a price of 54.4p a share (equal to the volume weighted average price for the 5 trading days to 30 September 2020) to part satisfy the payment of interest and repayment premium in accordance with the original loan agreement between Adam Waugh (the previous CEO of BlueRock) and the Company.  The capital amount outstanding on the loan is now £49,000.

Application has been made for the 21,935 shares to be admitted to trading on AIM ("Admission"). The shares will rank pari passu with the existing ordinary shares of the Company and it is expected that Admission will become effective and dealings will commence on or around 9 October 2020.

Following the issue of the shares, the issued share capital of the Company will consist of 9,086,657 ordinary shares. No shares were held in treasury at the date of this announcement. The total current voting rights in the Company are therefore 9,086,657.

The above figure of 9,086,657 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

**ENDS**

For further information, please visit www.bluerockdiamonds.co.uk or contact:

BlueRock Diamonds PLC Mike Houston David Facey, FD	[e-mail] [e-mail]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
St Brides Partners Ltd (Financial PR) Isabel de Salis / Cosima Akerman	Tel: [phone]

Notes to editors:

BlueRock Diamonds is an AIM-listed diamond producer which operates the Kareevlei Diamond Mine near Kimberley in South Africa which produces diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat. The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes. As at November 2018, it was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential inground number of carats of 367,000.

 

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