Schedule 1 - River Diamonds p

RNS Number:3661Q
AIM
18 March 2008


 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR
                                             COMPANIES ("AIM RULES")

COMPANY NAME:
River Diamonds  plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
Carmelite
50 Victoria Embankment
London EC4Y 0LS

COUNTRY OF INCORPORATION:
England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
www.riverdiamonds.co.uk

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTING STRATEGY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
STATED:

Re-admission is sought as a result of a reverse takeover under AIM Rule 14 as a result of the proposed
acquisition of all the share capital of Viso Gero International, Inc. not held by the Company. The Acquisition
will provide the Company with 100% ownership of the Vatukoula Gold Mine  in Fiji.

The Company's near term strategy is to bring the Vatukoula Gold Mine back to full production and profitability,
and to exploit any exploration potential at or surrounding the Mine.


DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where
known, number and type of shares, nominal value and issue price to which it seeks admission and the number and
type to be held as treasury shares):


Number of shares:   1,685,155,387

Type:               ordinary shares

Nominal value:      0.1p each

Issue price:        6 pence


CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£4,699,000 (gross) to be raised on Re-admission

Anticipated Market capitalisation on Re-admission : £100 million


PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

28.75%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE
COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known
or including any other name by which each is known):

Ian Colin Orr-Ewing, (Executive Chairman)

Kiran Caldas Morzaria, (Finance Director)

David Anthony Lenigas, (Executive Director)

Donald Ian George Layman Strang (Non-Executive Director)

John Ian Stalker, (Proposed Non-Executive Director)

Neil Lindsey Herbert, (Proposed Non-Executive Director)




FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE
AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each
is known):
BEFORE ADMISSION



Templar Minerals                                                        26.18%

Euroclear Nominees                                                   10.06%

Olympus Mining Corporation                                      8.63%

Bear Stearns Securities. Corp.                                  5.30%

Teawood Nominees                                                    4.36%

HSBC Global Custody Nominee UK Ltd                     4.20%

Pershing Keen Nominees Limited                              4.11%

St Peters Port Capital                                                 3.54%



AFTER ADMISSION

Templar Minerals                                                        25.42%

Viso Gero Global, Inc                                                  8.50%

Fair Choice Limited                                                     8.50%

Euroclear Nominees                                                   6.50%

Olympus Mining Corporation                                      5.58%

Bear Stearns Securities. Corp.                                  3.42%




NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
N/A


(i)                  ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)                DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED

(iii)               DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:


(i)                  Accounting reference date is to be changed from 31 August to 30 June following Re-admission

(ii)                30 June 2007

(iii)               Interims for the period to February 2008 (publish by 31 May 2008 latest),

Finals to 30 June 2008 (publish by 31 December 2008 latest),

Interims for the period to December 2008 to be published by 31 March 2009


EXPECTED ADMISSION DATE:
1 April 2008

NAME AND ADDRESS OF NOMINATED ADVISER:
WH Ireland Limited
24 Martin Lane
London
EC4R 0DR

NAME AND ADDRESS OF BROKER:
WH Ireland Limited
24 Martin Lane
London
EC4R 0DR

Hichens Harrison & Co plc
Bell Court House
11 Blomfield Street
London, EC2M 1LB


OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION
DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:

The admission document will contain full details about the Company and the admission of its common shares to AIM.
The admission document will be available on the Company's website: www.riverdiamonds.co.uk and at the offices of
WH Ireland Limited, 24 Martin Lane, London EC4R 0DR

DATE OF NOTIFICATION:

18 March 2008

NEW/ UPDATE:

NEW




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