Stellar Diamonds PLC Extension of Transaction Longstop date (1453L)

TIDMSTEL

RNS Number : 1453L

Stellar Diamonds PLC

14 July 2017

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.

14 July 2017

AIM: STEL

Stellar Diamonds plc

("Stellar" or the "Company")

Extension of Transaction Longstop date

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that following its announcement of 3 July 2017, it has agreed with Octea Mining to extend the longstop date (for the satisfaction of certain of the conditions precedent of the binding Tribute Mining and Revenue Agreements in relation to the Tongo-Tonguma mine development project in Sierra Leone, as defined in the announcement dated 28 April 2017) to 31 July 2017.

For further information contact the following or visit the Company's website at www.stellar-diamonds.com.

 
 Karl Smithson,     Stellar Diamonds plc        Tel: +44 (0) 20 
  CEO                Stellar Diamonds plc             7010 7686 
  Philip Knowles,                               Tel: +44 (0) 20 
  CFO                                                 7010 7686 
 Emma Earl          Cairn Financial Advisers    Tel: +44 (0) 20 
  Sandy Jamieson     (Nominated Adviser)              7213 0880 
 Jon Bellis         Beaufort Securities         Tel: +44 (0) 20 
                     Limited (Joint Broker)           7382 8300 
 Martin Lampshire   Peterhouse Corporate        Tel: +44 (0) 20 
                     Finance (Joint Broker)           7469 0930 
 
  Rory Scott         Mirabaud Securities 
                     (Financial Advisers)       Tel: +44 (0) 20 
                                                      7878 3360 
 Tim Blythe         Blytheweigh                 Tel: +44 (0) 20 
  Nick Elwes         (Financial PR)                   7138 3204 
 

About Stellar Diamonds plc

Stellar is an AIM listed (AIM: STEL) focussed on developing the high-grade and high value Tongo-Tonguma project in Sierra Leone.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identi ed by their use of terms and phrases such as "believe", "could", "should" "envisage", "estimate", "intend", "may", "plan", "potentially", "will" or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. In particular, there is no guarantee that the Company will be able to complete the Transaction. Such forward looking statements re ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Subject to any continuing obligations under applicable law or any relevant AIM Rule requirements, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

** ENDS **

This information is provided by RNS

The company news service from the London Stock Exchange

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July 14, 2017 08:41 ET (12:41 GMT)