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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
G4s Plc | LSE:GFSA | London | Ordinary Share | GB00BMH4WW40 | G4S ORD 25P (ASSD GARDA WORLD CASH) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS No 8232k PETRA DIAMONDS LIMITED 10th March 1999 PETRA DIAMONDS LIMITED AIM PETRA ACQUIRES GOLD FIELDS SOUTH AFRICAN DIAMOND INTERESTS Petra Diamonds Limited ("Petra") is pleased to announce that it has acquired the entire diamond interests of Gold Fields of South Africa Ltd ("Gold Fields") which were sold as a result of the restructuring of that group. These interests consist of a mixture of mineral rights and options to mineral rights over ten properties comprising a total area of 84 square miles in the Northwest Province of South Africa. Of particular interest is the option over the recently discovered Syferfontein kimberlite. This kimberlite is 3.4 acres in surface extent and is estimated to contain 3.83 million tons of ore to a depth of 623 feet. Gold Fields work on this kimberlite consisted of defining the extent of the pipe and the sinking of 15 drill holes. Both macro and micro diamonds were recovered from the drill cuttings. During the due diligence period, Petra has confirmed the drilling results and carried out further exploration. In addition to establishing the presence of diamonds at Syferfontein, this work has also defined a well-constrained kimberlite indicator mineral anomaly on the adjoining Eleazar property, on which Petra also holds an option. Test drilling has commenced on this anomaly. At Syferfontein, excavation of a large sample is in progress in order to obtain an indication of diamond grade and quality. A successful result will lead to initial trial mining ahead of full-scale production. The remaining properties are all situated in favourable geological environments for the presence of diamonds and are scheduled for initial prospecting shortly. The consideration for the acquisition from Gold Fields will be satisfied by the issue of 133,800 ordinary Petra shares. Application for admission to trading on AIM has been made for 133,800 ordinary shares of 10p each in Petra. Trading in these shares is expect ed to commence on 15 March 1999. Commenting on the acquisition, Petra's Chairman, Adonis Pouroulis, said "We are actively looking for new deposits and the Gold Fields properties present an opportunity for the company to potentially bring another mine on stream in South Africa." Copies of this announcement will be available to the public free of charge from the office of Grant Thornton, Grant Thornton House, Milton Street, Euston Square, London NW1 2EP during normal office hours, Saturdays, Sundays and Bank Holidays excepted, for a period of 14 days from the date of this announcement. Enquiries: Petra Diamonds Limited: 00 27 82 492 9100 Adonis Pouroulis, Chairman Grant Thornton 0171 383 5100 Brian Moritz Boswell City Financial PR Ltd. 0171 256 9575 Glenda Boswell Mobile 0468 235 735 END ACQUBUBCWBGBGQB
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