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Botswana Diamonds Raises GBP500,000 to Fund Exploration Campaigns

14 Feb 2018 7:46 am

By Adria Calatayud

Botswana Diamonds PLC (BOD.LN) said Wednesday that it has raised 500,000 pounds ($694,689) in a share placing, which will be used to fund its ongoing diamond exploration campaigns in South Africa and Botswana.

The London-listed diamond-exploration company said it issued 50 million new shares at 1 pence each with new and existing investors. The placing price represents a 15% discount on Tuesday's closing share price of 1.18 pence.

The shares issued account for approximately 9.8% of the company's enlarged share capital, Botswana Diamonds said.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

February 14, 2018 02:46 ET (07:46 GMT)

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