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Lace mine
DiamondCorp Up for Sale or Merger
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....
Mining Oct 19, 2016 Rapaport News
Lerala
Kimberley Diamonds Receives $4M Funding for Lerala Mine
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...
Financial-Legal Jun 30, 2015 Jeff Miller
WJA
WJA Awards $500 Grants to 25 Members
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....
Marketing Jun 10, 2015 Jeff Miller
Lace mine
DiamondCorp Raises $5M, Proposes Another $3M Placement
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...
Financial-Legal Jun 05, 2015 Jeff Miller
Mountain Province Diamonds
Mountain Province Completes $95M Rights Offering
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...
Mining Mar 31, 2015 Jeff Miller
merlin
Merlin Diamonds Receives $5M to Restart Production
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...
Mining Mar 23, 2015 Jeff Miller
Diamcor production
Diamcor to Raise $3M in Private Placement
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...
Financial-Legal Dec 24, 2014 Jeff Miller
Scio
Scio Diamond Successfully Completes Funding
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...
Technology Dec 22, 2014 Scio Diamond
Stellar Diamonds
Stellar Enters Into $2M Loan Facility
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...
Financial-Legal Dec 09, 2014 Jeff Miller
daniels
Palladium Equity Positions Daniel's Jewelers to Expand
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...
Financial-Legal Nov 24, 2014 Jeff Miller
Rockwell
Rockwell Diamonds Raises $4M
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,...
Financial-Legal Nov 21, 2014 Jeff Miller
true north gems
True North Gems Closes $11M Financing Package
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...
Financial-Legal Nov 07, 2014 Jeff Miller
purediamonds
PureDiamonds Resources Secures $32M Equity From Lambert
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...
Mining Nov 07, 2014 Jeff Miller
jfc children
Jewelers for Children Selects Annual Grant Recipients
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...
Marketing Oct 22, 2014 JFC
Bank
KBC Prepares Winding Down Antwerp Diamond Bank Operations
The KBC Group failed to complete the sale of Antwerp Diamond Bank to the Yinren Group and will wind down the bank's operations. KBC stated that it would carry out the process in an orderly manner,...
Financial-Legal Sep 19, 2014 Jeff Miller
WJA
WJA Announces Member Grant Awards for 2014
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...
Marketing Jun 27, 2014 WJA
gahcho kue
Mountain Province Increases Private Placement to $45M
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...
Mining Jun 13, 2014 Jeff Miller
Diamcor production
Diamcor Raises Another $474K in March
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...
Financial-Legal Mar 24, 2014 Jeff Miller
Ashford
Monroe Capital Provides $27M Loan to Alliance Time
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....
Watches Jan 13, 2014 Jeff Miller
true north gems
True North Gems to Raise Funds With Private Placement
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...
Financial-Legal Dec 27, 2013 Jeff Miller
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