30th Aug 2016 10:27
LONDON (Alliance News) - Firestone Diamonds PLC on Tuesday said it has agreed to give Tango Mining more time to raise the required funds in order to complete the purchase of the London-listed miner's operations in Botswana.
The deal was originally struck in July, and Tango Mining is paying USD8.0 million for the assets. Under the amended terms, Tango will have until September 9 to satisfy all the necessary conditions, with all other terms being left unchanged.
Firestone shares were up 0.5% to 42.72 pence per share on Tuesday.
By Joshua Warner; [email protected]; @JoshAlliance
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