Nomad and Joint Broker Change

RNS Number : 7015L

Petra Diamonds Ld

11 May 2010

 



 

 

 

Immediate Release

11 May 2010

Petra Diamonds Limited

("the Company")

Nomad and Joint Broker Change of Name

Petra Diamonds Limited announces that the Company's Nominated Adviser and Joint Broker has undertaken a change of name from Canaccord Adams Limited to Canaccord Genuity Limited following the acquisition by its parent company, Canaccord Financial Inc., of Genuity Capital Markets, a leading independent advisory and restructuring firm in Canada.

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For further information, please contact:

Cathy Roberts	Telephone: [phone]
Petra Diamonds, London	[e-mail]

Bobby Morse / James Strong	Telephone: [phone]
Buchanan Communications	[e-mail] [e-mail]
Ryan Gaffney / Andrew Chubb	Telephone: [phone]
Canaccord Genuity Limited	[e-mail] [e-mail]
Joshua Critchley / Martin Eales	Telephone: [phone]
RBC Capital Markets	[e-mail] [e-mail]

About Petra Diamonds

Petra Diamonds is a leading supplier of rough diamonds, with a gross resource base of 262 million carats. The Company offers a unique growth profile within the diamond sector, increasing its annual production fivefold in the year to June 2009 to over one million carats, and with firm plans in place to grow production to over three million carats.

In South Africa, Petra has interests in five producing mines - Cullinan, Koffiefontein, Helam, Sedibeng and Star - and has also agreed to acquire the Kimberley Underground mines from De Beers (this acquisition is expected to complete soon). In Tanzania, Petra has an interest in the Williamson mine.

Petra conducts all its operations according to the highest ethical standards, and will only work in countries which are members of the Kimberley Process.  The Company is quoted on the AIM market of the London Stock Exchange (AIM: PDL).

www.petradiamonds.com 

 

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