25th Oct 2021 11:33
Botswana Diamonds PLC - exploration & project development company that holds licences in Botswana and South Africa - Launches placing with existing and new investors to raise GBP550,000 via the issue of 55.0 million new shares at a price of 1 pence each. Each placing share has one warrant attached with the right to subscribe for one new share at 2p each for a period of three years from Monday. The funds raised will be used to fund exploration activities during the current year in Botswana and South Africa, and to provide additional working capital for the company, it says.
Current stock price: 1.13 pence, down 3.8%
Year-to-date change: up 33%
By Evelina Grecenko; [email protected]
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