Source - RNS
RNS Number : 4917M
Firestone Diamonds PLC
13 October 2016

13 October 2016


Firestone Diamonds plc

("Firestone" or the "Company") (AIM: FDI)


Issue of shares


Firestone Diamonds plc, the AIM-quoted diamond mining company, announces that, in accordance with the terms of the US$30.0 million Eurobond debt facility ("Eurobonds"), it has opted to issue, in aggregate, 993,560 new ordinary shares of 1 pence each ("Ordinary Shares") in respect of the quarterly interest due on the Eurobonds, for the quarter ended 30 September 2016.  As at 30 September 2016, Eurobonds amounting to US$30.0 million had been issued.


Accordingly, the Company will issue, in aggregate, 496,780 new Ordinary Shares to Pacific Road Resources Fund II L.P. and Pacific Road Resources Fund II (together "Pacific Road") and 496,780 new Ordinary Shares to Resource Capital Fund VI L.P. ("RCF") in respect of the interest due on the Eurobonds, for the quarter ended 30 September 2016.


Application has been made to the London Stock Exchange plc for the new Ordinary Shares to be admitted to trading on AIM.  Admission and dealings in the new Ordinary Shares is expected to commence at 8.00 a.m. on 19 October 2016.  On Admission, the Company will have 314,948,244 Ordinary Shares in issue.


The Company does not currently hold any Ordinary Shares in treasury.  Accordingly, the above figure of 314,948,244 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.


Following the issue of the new Ordinary Shares, Pacific Road and RCF will be interested in 74,105,286 and 74,143,918 Ordinary Shares respectively, representing approximately 23.53% and 23.54% respectively of the Company's issued share capital.


For more information contact:


Firestone Diamonds plc

+44 (0)20 8741 7810

Stuart Brown

Strand Hanson Limited (Nomad)

+44 (0)20 7409 3494

Stuart Faulkner

Richard Tulloch

James Dance

Macquarie Capital (Europe) Limited (Joint Broker)

Raj Khatri

Nick Stamp



+44 (0)20 3037 2000

Mirabaud Securities LLP (Joint Broker)

Rory Scott

+44 (0)20 7878 3360

Ed Haig-Thomas

+44 (0)20 7878 3447

Tavistock (Public and Investor Relations)

+44 (0)20 7920 3150

Jos Simson

+44 (0)7788 554 035

Emily Fenton


Background information on Firestone


Firestone is an international diamond mining company with operations focused on Lesotho. Firestone is currently in the process of commencing production at the Liqhobong Mine in Lesotho to become a one million carat per annum producer.


Lesotho is emerging as one of Africa's significant new diamond producers, and hosts Gem Diamonds' Letseng Mine, Firestone's Liqhobong Mine, as well as Namakwa Diamonds' Kao Mine.


For more information please visit:



This information is provided by RNS
The company news service from the London Stock Exchange

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