Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

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
Williamson processing plant mine PetraPetra Launches Probe into Violence Claims
Nov 12, 2020
Petra Diamonds is investigating allegations that security guards at its Williamson...
Alrosa Gives Cautious 2021 Production Outlook
De Beers to Stop Production at Botswana Mine

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