Completion of RMB Debt Facilities

RNS Number : 1059T

Petra Diamonds Ld

01 December 2011

 



1 December 2011

AIM: PDL

Petra Diamonds Limited

("Petra" or "the Company")

Completion of RMB Debt Facilities

Further to the announcement of 30 November 2011, Petra announces that financial close in relation to the Rand Merchant Bank ("RMB") (a division of FirstRand Bank Limited) debt facilities of ZAR400 million (approximately US$48 million), was reached on 30 November 2011 and this transaction has now completed.

Full details pertaining to the terms of the facilities were provided in the Company's announcement of 30 November 2011.

Notes

1.     An exchange rate of US$1:R8.35 has been used for the purposes of this announcement.

~ Ends ~

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]

Canaccord Genuity Limited (NOMAD and Joint Broker)	Telephone: [phone]
Robert Finlay	[e-mail]
Andrew Chubb	[e-mail]

RBC Capital Markets (Joint Broker)	Telephone: [phone]
Joshua Critchley	[e-mail]
Martin Eales	[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).

Petra offers an exceptional growth profile, with a core objective to steadily increase annual production to over 5 million carats by FY 2019. The Group has a major reserves and resources 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. The Company is quoted on the AIM market of the London Stock Exchange (AIM: PDL), and has announced its plans to step up to the Main Market shortly after 8 December 2011. For more information, visit www.petradiamonds.com.

 

END

 

 

MSCBMBFTMBIJBJB