Completion of IFC Revolving Credit Facility

RNS Number : 6884H

Petra Diamonds Limited

16 July 2012

 



16 July 2012

LSE: PDL

Petra Diamonds Limited

("Petra" or "the Company" or "the Group")

Completion of IFC Revolving Credit Facility

Further to the Company's announcement of 4 July 2012, Petra announces that financial close in relation to the IFC (a member of the World Bank Group) revolving credit facility ("the IFC Facility") of US$25 million was reached today and this transaction has now completed.

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For further information, please contact:

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

Buchanan (PR Adviser)	Telephone: [phone]
Bobby Morse James Strong	[e-mail] [e-mail]

RBC Capital Markets (Sponsor and Joint Broker)	Telephone: [phone]
Martin Eales	[e-mail]
Pierre Schreuder	[e-mail]

Canaccord Genuity Limited (Joint Broker)	Telephone: [phone]
Rob Collins	[e-mail]
Andrew Chubb	[e-mail]

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has a well-diversified portfolio, with interests in eight producing mines: seven in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground, Helam, Sedibeng and Star) and one in Tanzania (Williamson). It also maintains a highly focused exploration programme in Botswana.

Petra offers an exceptional growth profile, with a core objective to steadily increase annual production to 5 million carats by FY 2019. The Group has a major resource base in excess of 300 million carats.

Petra conducts all its operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a member of the FTSE 250.

For more information, visit the Company's website at www.petradiamonds.com 

 

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