Source - LSE Regulatory
RNS Number : 0041L
Botswana Diamonds PLC
11 May 2022
 

11th May 2022

 


Botswana Diamonds PLC

("Botswana Diamonds", "BOD" or the "Company")

 

Ghaghoo mine update

 

The Board of Botswana Diamonds, the London AIM and BSE listed diamond explorer, announces that, despite intensive advanced and ongoing discussions with interested parties, the Board has been unable to secure a new joint venture partner to acquire the Ghaghoo mine before the extended long-stop date of 10th May 2022. The Share Sale Agreement (the "Agreement") with Gem Diamonds Limited ("Gem Diamonds") for the sale of its wholly owned subsidiary of Gem Diamonds Botswana Ltd ("GDB"), has therefore now lapsed.

Gem Diamonds have indicated their willingness to re-engage on substantially the same terms as the Agreement if BOD and a partner can finalise an agreement and accordingly, BOD is continuing its discussions with potential joint venture partners.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged for the release of this announcement on behalf of the Company was James Campbell, Director.

 

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman

James Campbell, Managing Director

Jim Finn, Director

 

+353 1 833 2833

+27 83 457 3724

+353 1 833 2833

Beaumont Cornish - Nominated Adviser 
Michael Cornish

Roland Cornish


+44 (0) 020 7628 3396

Beaumont Cornish Limited - Broker 
Roland Cornish

Felicity Geidt

+44 (0) 207 628 3396

First Equity Limited -  Joint Broker 
Jason Robertson

 

+44 (0) 207 374 2212

BlytheRay - PR
Megan Ray
Rachael Brooks

Said Izagaren

Naomi Holmes

+44 (0) 207 138 3206

+44 (0) 207 138 3553

+44 (0) 207 138 3206

+44 (0) 207 138 3206

+44 (0) 207 138 3206

Teneo

Luke Hogg

Alan Tyrrell

Ciara Wylie

 

+353 (0) 1 661 4055

+353 (0) 1 661 4055

+353 (0) 1 661 4055

 

www.botswanadiamonds.co.uk

 

Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.

 

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDBUGDUIUBDGDG
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Botswana Diamonds PLC (BOD)

+0.03p (+7.69%)
delayed 09:00AM