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Botswana Diamonds raises £500,000 to fund ongoing diamond exploration

StockMarketWire.com

Botswana Diamonds said it raised £500,000 via the placing of 50,000,000 new ordinary shares with new and existing investors at a price of 1p per placing share.

The placing shares were said to represent approximately 9.8% of the company's issued share capital.

The net proceeds of the placing is expected to fund ongoing diamond exploration in South Africa and Botswana and will also provide the company with additional working capital.

At 9:02am: (LON:BOD) Botswana Diamonds PLC share price was -0.13p at 1.05p


Story provided by StockMarketWire.com