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Mothae mine Lucapa
Lucapa Buys Lesotho Diamond Mine
Lucapa Diamond Company acquired the Mothae mine in Lesotho for $9million, saying the resource that was abandoned by Lucara Diamond Corp in 2015will complement its other operations.“There’s only onething better than owning one...
Mining Jan 31, 2017 Rapaport News
Paragon Diamonds
Paragon to Delist Shares as Funding Talks Unlikely to Reach Conclusion in 2015
Paragon Diamonds reported it will bedelisted from London’s Alternative Investment Market (AIM) December 29 asnegotiations over the funding for its mining operations in Lesotho are “unlikely”to reach a “conclusion” by year-end.The company’s directors have been“working...
Mining Dec 25, 2015 Rapaport News
Paragon Diamonds
Paragon’s Deal With Lucara to Acquire Mothae Mine Terminated
ParagonDiamonds reported its agreement with Lucara Diamond Corporation to acquire theMothae Kimberlite Resource in Lesotho has been terminated.Mothae is “highly synergistic” with Paragon’s Lemphane Kimberlite PipeProject, also in Lesotho, the company said in a statement December...
Mining Dec 20, 2015
Paragon Diamonds
Paragon’s Nominated Adviser Quits as London Shares Remain Suspended
Paragon Diamonds, listed on London’s Alternative Investment Market, announced its nominated adviser and broker resigned with immediate effect following the suspension of trading in the miner’s shares earlier this month. Northland Capital Partners...
Mining Nov 26, 2015 Rapaport News
Paragon Diamonds
Lesotho Approves Paragon Diamonds's Acquisition of Mothae Mine
Lesotho has approved Paragon Diamonds Limited's acquisition of a majority stake in the Mothae mining project, the mining explorer announced on Friday.The company agreed to pay Lucara Diamond Corp. $8.5 million for its 75 percent stake...
Mining Aug 09, 2015 Ronen Shnidman
Paragon Diamonds Project
Paragon's Loss Widens, Revenue Target for 2015 is $36M
Paragon Diamonds Ltd. generated a $16 million (GBP 10.3 million) loss in the fiscal year that ended on December 31, up from a loss of just $2 million in 2013. The company recorded a $14.5 million noncash impairment charge...
Financial-Legal Jun 29, 2015 Jeff Miller
Paragon Preps Share Buyback, Seeks Immediate Mothae Acquisition
Paragon Diamonds Limited raised $794,000 (GBP 500,000) in unsecured debt financing from an investment company to initiate a share buyback program and to support working capital needs as the junior mining company awaits approval to acquire the...
Financial-Legal Jun 19, 2015 Jeff Miller
Paragon Diamonds
Paragon Diamonds Secures $12M in Funding
Paragon Diamonds Limited, a diamond exploration company, has signed a binding memorandum of understanding to receive $12 million in debt and equity financing from International Triangle General Trading LLC (ITGT). Under the agreement, ITGT will...
Mining Feb 01, 2015 Ronen Shnidman
Paragon Sells Parcel to Test Market Ahead of Lemphane Production
Paragon Diamonds Ltd. sold several high-quality stones that were recovered from its 2013 bulk sampling program at the Lemphane kimberlite pipe in Lesotho. The junior miner stated that the parcel included fancy...
Mining Nov 17, 2014 Jeff Miller
Paragon Diamonds Agrees to Buy and Cancel Lanstead Shares
Paragon Diamonds Ltd. agreed to purchase, conditional on shareholder approval, 63 million ordinary shares, representing 18.9 percent of share capital, from Lanstead Capital L.P. at 3 pence each in an off market purchase. Paragon will then cancel the...
Financial-Legal Nov 11, 2014 Jeff Miller
Paragon Diamonds Narrows Fiscal Loss
Paragon Diamonds narrowed its fiscal year loss to $2.2 million (GBP 1.3 million) in 2013, compared with $8.6 million (GBP 5.1 million) one year earlier. The explorer recorded no revenue for the year,...
Mining May 25, 2014 Deena Taylor
Paragon Prepares for First Stage Development at Lemphane
Paragon Diamonds Ltd. conditionally acquired full interest in its subsidiary Meso Diamonds from a local partner in Lesotho, Martin Matekane of Matekane Mining. Paragon Diamonds intends to acquire the interest by issuing almost 35.5 million new...
Mining May 12, 2014 Jeff Miller
Paragon Diamonds Project
Paragon Finalizes Lemphane Lease Agreement in Lesotho
Meso Diamonds, a subsidiary of Paragon Diamonds Limited, finalized the terms and conditions of its 10-year mining lease agreement with the government of Lesotho for the Lemphane kimberlite pipe concession. The agreement allows the...
Mining Feb 24, 2014 Jeff Miller
Paragon Diamonds Project
Paragon Acquires Mothae Processing Plant
Paragon Diamonds Ltd. agreed to buy the Mothae kimberlite processing plant in Lesotho from Lucara Diamond Corporation through its subsidiary Meso Diamonds. Paragon Diamonds expects to relocate the plant in the first quarter of 2014...
Mining Dec 18, 2013 Jeff Miller
Paragon Diamonds Project
Paragon Diamonds Secures New Prospecting License in Botswana
Paragon Diamonds was issued a prospecting license that is valid through September 2016 for a 442-square-kilometer area in the Kgalagadi District of southern Botswana. The license may be renewed twice for two year periods provided that...
Mining Nov 04, 2013 Jeff Miller
Paragon Awarded Mining License for Lemphane
Paragon Diamonds was awarded a mining license by the Lesotho Ministry of Mines for its 85-percent-owned Lemphane kimberlite project. The license is for a 10-year period and will expire on October 9, 2023 with an option to renew.The approved...
Mining Oct 14, 2013 Deena Taylor
Paragon Diamonds Narrows Loss to $2M
Paragon Diamonds narrowed its fiscal year loss to $1.7 million (GBP 1.1 million) compared with $21 million one year ago. The explorer recorded no revenue for the year, but it has ''conditionally'' raised...
Mining May 29, 2013 Jeff Miller
Paragon Diamonds
Paragon Suspends Sierra Leone Operations
Paragon Diamonds has placed its Konoma alluvial mine on care and maintenance after ‎Sierra Leone requested the company reapply for its mining license for ‎the site. ‎‎“The company will continue to seek...
Mining Apr 15, 2012 Avi Krawitz
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