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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Karelian Diamond Resources Plc | LSE:KDR | London | Ordinary Share | IE00BD09HK61 | ORD EUR0.00025 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.75 | 2.50 | 3.00 | 2.75 | 2.75 | 2.75 | 20,406 | 07:38:41 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 10k | -291k | 0.0000 | N/A | 200.79M |
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Karelian Diamond Resources plc
("Karelian Diamonds" or "the Company")
27 October 2017
DIAMOND EXPLORATION PERMIT GRANTED / PROPOSED DATE OF AGM
* Diamond Exploration Permit Granted in Kuhmo Region of Finland
* Exploration Permit Over Area which May Contain the Source of Green Diamond
Discovery
* 21 December 2017 Set as Proposed Date of Annual General Meeting
Karelian Diamond Resources plc ("Karelian Diamonds") (AIM: KDR, ESM: KDRI), is
pleased to announce that it has been informed that TUKES (The Finnish Mining
Authority) has granted Karelian Diamonds an exploration permit in the Kuhmo
region of Finland.
The permit covers an area of 601.68 ha surrounding the location where the
Company discovered a diamond in till (31 January 2017). The permit has been
granted for a period of four years. An exploration permit provides the holder
with an exclusive right to apply for a mining permit.
The Company also announces that 21 December 2017 has been set as the proposed
date of its Annual General Meeting. A notice convening the Annual General
Meeting will be posted to shareholders in due course.
Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented:
"I am very pleased that we have been granted an exploration permit surrounding
the location of our significant discovery of a green diamond and look forward
to continued results from the Company's exploration programme in the region."
Further Information:
Professor Richard Conroy, Chairman, Karelian Diamond Tel: +353-1-479-6180
Resources plc
Virginia Bull / James Thomas / Nick Harriss, Allenby Tel: +44-20-3328-5656
Capital Limited (Nomad)
Ger Heffernan / Jan Fitzell, IBI Corporate Finance Tel: +353-7662-34800
Limited (ESM Adviser)
Jon Belliss / Elliot Hance, Beaufort Securities Tel: +44-20-7382-8300
Limited (Broker)
Michael Padley, Lothbury Financial Services Limited Tel: +44-20-3290-0707
Don Hall, Hall Communications Tel: +353-1-660-9377
www.kareliandiamondresources.com
END
(END) Dow Jones Newswires
October 27, 2017 02:00 ET (06:00 GMT)
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