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DiamondCorp Up for Sale or Merger
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DiamondCorp opened itself to a merger or takeover aftersaying the London-based company urgently needs about $615,623(GBP 500,000) to address immediate funding requirements.The board said the company should conduct a strategic reviewwhile continuing discussions to secure funding....
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Mining
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Oct 19, 2016
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Rapaport News
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Kimberley Diamonds Receives $4M Funding for Lerala Mine
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Kimberley Diamonds Ltd. received $3.8 million (AUD 5 million) under the terms of a loan agreement for AUD 10 million with Zhejiang Huitong Auction Co. Ltd. of China to finance the Lerala diamond mine in Botswana. The...
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Financial-Legal
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Jun 30, 2015
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Jeff Miller
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WJA Awards $500 Grants to 25 Members
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The Women's Jewelry Association (WJA) awarded $12,500 worth of grants to 25 female members who were in good standing and seeking professional growth. Funds were raised by the national organization and by WJA chapters in the U.S....
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Marketing
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Jun 10, 2015
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Jeff Miller
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DiamondCorp Raises $5M, Proposes Another $3M Placement
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DiamondCorp's placement of 31,837,000 new ordinary shares resulted in proceeds of approximately $4.9 million (GBP 3.18 million). The placement, which was oversubscribed, was undertaken with a range of new and existing institutional and private investors...
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Financial-Legal
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Jun 05, 2015
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Jeff Miller
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Mountain Province Completes $95M Rights Offering
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Mountain Province Diamonds Inc. completed a $95 million rights offering, which expired at 5 p.m. on March 30. A total of 125,631,285 rights were exercised under the basic subscription privilege for 22,079,247 common shares. In addition, 4,014,419...
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Mining
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Mar 31, 2015
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Jeff Miller
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Merlin Diamonds Receives $5M to Restart Production
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Merlin Diamonds Limited received a refund of approximately $4.5 million related to a research and development expenditure grant for new mining techniques at the company's flagship Merlin diamond mine in the Northern Territory, Australia. The company...
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Mining
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Mar 23, 2015
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Jeff Miller
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Diamcor to Raise $3M in Private Placement
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Diamcor Mining Inc. intends to complete a private placement on a brokered and non-brokered basis of up to 3 million units at a price of 86 cents (CAD 1) each for gross proceeds of up to $2.6 million (CAD 3 million). Each unit will consist of one common...
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Financial-Legal
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Dec 24, 2014
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Jeff Miller
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Scio Diamond Successfully Completes Funding
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Press Release: Scio Diamond Technology Corporation today announced it has closed $2.5 million in growth funding from Heritage Gemstone Investors (HGI) to double production of its lab-grown diamonds and refinance debt. In addition, the two...
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Technology
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Dec 22, 2014
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Scio Diamond
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Stellar Enters Into $2M Loan Facility
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Stellar Diamonds entered into a bridging loan agreement for up to $2 million with YA Global Master SPV Ltd. The funding will be available for three years and provides for two initial loan tranches of principal amounts...
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Financial-Legal
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Dec 09, 2014
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Jeff Miller
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Palladium Equity Positions Daniel's Jewelers to Expand
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Private equity firm Palladium Equity Partners announced that it had made a majority investment in Daniel's Jewelers in California, without disclosing financial details. The retailer was founded in 1948 and the family-run business has since...
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Financial-Legal
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Nov 24, 2014
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Jeff Miller
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Rockwell Diamonds Raises $4M
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Rockwell Diamonds Inc. completed an offering of two-year unsecured convertible debentures in a principal amount of $4.1 million with two insiders, namely Rockwell’s principal shareholder Daboll Consultants Ltd., an affiliate of Diacore, as to $3 million and with Mark Bristow,...
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Financial-Legal
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Nov 21, 2014
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Jeff Miller
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True North Gems Closes $11M Financing Package
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True North Gems Inc. closed an $11 million finance package with Leonard Nilsen & Sonner (LNS Group) and LNS Greenland (LNSG) that was agreed to on September 11, 2014. "With the completion of this...
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Financial-Legal
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Nov 07, 2014
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Jeff Miller
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PureDiamonds Resources Secures $32M Equity From Lambert
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PureDiamonds Resources, a subsidiary of Thabex Ltd., entered into a $32 million (GBP 20 million) equity subscription facility with Lambert Private Equity LLC. The three-year long agreement and fund drawdowns are subject to receipt of regulatory...
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Mining
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Nov 07, 2014
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Jeff Miller
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Jewelers for Children Selects Annual Grant Recipients
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Press Release: Jewelers for Children (JFC) announced the winners of its 2014 local grants program. JFC set aside $100,000 to be used for 10 $10,000 grants to local organizations. Industry members had the opportunity to nominate...
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Marketing
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Oct 22, 2014
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JFC
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Financial-Legal
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Sep 19, 2014
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Jeff Miller
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WJA Announces Member Grant Awards for 2014
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Press Release: The Women's Jewelry Association (WJA) announced that it has awarded $13,000 in member grants to women around the country in 2014. Member grants are awarded to female, professional-level, WJA members in good standing, in increments...
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Marketing
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Jun 27, 2014
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WJA
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Mountain Province Increases Private Placement to $45M
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Mountain Province Diamonds Inc. increased the size of its previously announced non-brokered private placement from $35 million to approximately $45 million. The first tranche under the private placement closed on June 12 and the...
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Mining
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Jun 13, 2014
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Jeff Miller
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Diamcor Raises Another $474K in March
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Diamcor Mining Inc. closed a second offering through a non-brokered private placement, raising $474,180 on March 21, following its previously announced private placement on March 12 that raised $3 million. Proceeds will be used to support advancing Diamcor's...
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Financial-Legal
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Mar 24, 2014
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Jeff Miller
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Monroe Capital Provides $27M Loan to Alliance Time
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Equity firm Monroe Capital LLC provided a $27 million senior-secured term loan in conjunction with a $40 million revolving line of credit provided by Bank of America Merrill Lynch to support the growth of Alliance Time and Ashford.com....
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Watches
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Jan 13, 2014
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Jeff Miller
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True North Gems to Raise Funds With Private Placement
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True North Gems Inc. will conduct a non-brokered private placement under which it intends to issue up to 16,666,667 units at a price of 9 cents each for gross proceeds of up to $1.5 million. Each unit will include one common share...
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Financial-Legal
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Dec 27, 2013
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Jeff Miller
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