Botswana Diamonds Fundraising

RNS Number : 9837I

Botswana Diamonds PLC

31 March 2015

 

31^st March 2015

Botswana Diamonds PLC ("Botswana Diamonds" or the "the Company")

Fundraising of £282,500

Botswana Diamonds (AIM: BOD) announces that it has today conditionally raised cash proceeds of £282,500 through the issue by the Company of, in aggregate, 28,250,000 new ordinary shares of £0.01 each, at a placing price of 1p each, representing a 27.5% discount on yesterday's closing mid-price.

The funds will be used to fund the Company's exploration projects in Botswana as well as for its working capital requirements.

Details of the Fundraising

The New Shares will rank pari passu with the Company's existing ordinary shares.  Application will be made for the New Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 23^rd April 2015.

Following the issue of the New Shares there will be a total of 224,478,267 ordinary shares of £0.01 each in issue with each share carrying the right to one vote.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman	[phone]
Jim Finn, Director
Westhouse Securities Limited
Martin Davison	[phone]
Robert Finlay
Dowgate Capital Stockbrokers Limited
Jason Robertson	[phone]
Blytheweigh	[phone]
Halimah Hussain	[phone]
PSG Plus
Aoife Ross	[phone]
Alan Tyrrell	[phone]

www.botswanadiamonds.co.uk

 

END

 

 

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