Share Name Share Symbol Market Type Share ISIN Share Description
Botswana Diamonds Plc LSE:BOD London Ordinary Share GB00B5TFC825 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.475 0.40 0.55 0.475 0.475 0.475 1,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.8 -0.1 - 3

Botswana Diamonds PLC Placing to raise £250,000

28/01/2020 7:00am

UK Regulatory (RNS & others)


Botswana Diamonds (LSE:BOD)
Historical Stock Chart

3 Months : From Dec 2019 to Mar 2020

Click Here for more Botswana Diamonds Charts.

TIDMBOD

RNS Number : 0633B

Botswana Diamonds PLC

28 January 2020

28(th) January 2020

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Placing to raise GBP250,000

Placing

The Board of Botswana Diamonds (AIM: BOD) is pleased to announce that it has today undertaken a placing with existing and new investors to raise GBP250,000 via the issue of 41,666,667 new ordinary shares (the "Placing Shares"), at a placing price of 0.6p per Placing Share (the "Placing Price"). Each Placing Share has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per new ordinary share for a period of two years from 28(th) January 2020 (the "Placing Warrants"), being the expected date of the Placing Warrants issue.

The Placing Shares will rank pari passu with the Company's existing ordinary shares. Application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that such admission will become effective on or around 11(th) February 2020.

Use of Proceeds

The funds raised will be used to fund exploration activities during the current year in Botswana, Zimbabwe and South Africa, which remain ongoing, and to provide additional working capital for the Company.

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA"), the Company announces the following:

Following the issue of the Placing Shares, there will be a total of 669,221,902ordinary shares of 0.25p each in issue with each ordinary share carrying the right to one vote ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 669,221,902. The above figure 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 to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). Market soundings, as defined in MAR, were taken in respect of the Placing, with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director.

Enquiries:

 
Botswana Diamonds PLC 
  John Teeling, Chairman                 +353 1 833 2833 
  James Campbell, Managing Director      +27 83 457 3724 
  Jim Finn, Director                     +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 
 Blytheweigh - PR                       +44 (0) 207 138 3206 
  Megan Ray                              +44 (0) 207 138 3206 
  Rachael Brooks                         +44 (0) 207 138 3206 
 Teneo 
  Luke Hogg                              +353 (0) 1 661 4055 
  Alan Tyrrell                           +353 (0) 1 661 4055 
  Thomas Shortall                        +353 (0) 1 661 4055 
 
 
 
 
 

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.

END

MSCKKOBQABKDODB

(END) Dow Jones Newswires

January 28, 2020 02:00 ET (07:00 GMT)

1 Year Botswana Diamonds Chart

1 Year Botswana Diamonds Chart

1 Month Botswana Diamonds Chart

1 Month Botswana Diamonds Chart
ADVFN Advertorial
Your Recent History
LSE
BOD
Botswana D..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200329 15:33:31