RapNet


Rapaport News

 

Mining

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Botswana Diamonds Raises $722K for Orapa Project

May 8, 2016 10:47 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Botswana Diamonds sold shares for $721,500 (GBP 500,000) to fund ongoing diamond exploration at its joint project with ALROSA and for additional working capital.

The company placed 33.3 million ordinary shares, or 9.9 percent of its share capital, with new and existing investors at $0.02 (GBP 0.015) per unit.

The company is now fully funded for its ongoing drilling, sampling and geophysics program at a site in the Orapa region of Botswana, said John Teeling, chairman of Botswana Diamonds.

Botswana Diamonds, which is listed on the London Stock Exchange’s Alternative Investment Market, and Russia-based miner ALROSA started their exploration project in March after unveiling the 50:50 joint venture in 2013.
Tags: Alrosa, Botswana, Botswana Diamonds, exploration, mining, Orapa, Rapaport News
Similar Articles
Mountain ProvinceMountain Province Slides to Net Loss
Nov 07, 2019
Mountain Province saw a net loss in the third quarter,hampered by bad...
Gem Diamonds Lowers Full-Year Outlook
Angola Diamond Sales Rise



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us