Key points
- The private placement consists of 1,750,000 shares issued to The Rochford Trust at $4.00 per share.
- Proceeds will widen the company’s program assessing areas of diamond enrichment in its Luderitz Bay Grant, Namibia.
- Funds will also be used to place initial orders preparatory to the planned mining phase.
- The remaining proceeds will supplement the company’s working capital.
The company has agreed to issue 1,750,000 shares to The Rochford Trust on a private placement basis at $4.00 per share. Proceeds will be used to widen the company’s current program of assessing areas of diamond enrichment in its Luderitz Bay Grant, Namibia, to place initial orders preparatory to its planned mining phase and to supplement its working capital.
