11th May 2010 11:56
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Immediate Release |
11 May 2010 |
Petra Diamonds Limited
("the Company")
Nomad and Joint Broker Change of Name
Petra Diamonds Limited announces that the Company's Nominated Adviser and Joint Broker has undertaken a change of name from Canaccord Adams Limited to Canaccord Genuity Limited following the acquisition by its parent company, Canaccord Financial Inc., of Genuity Capital Markets, a leading independent advisory and restructuring firm in Canada.
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For further information, please contact:
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Cathy Roberts |
Telephone: +44 20 7318 0452 |
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Petra Diamonds, London |
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Bobby Morse / James Strong |
Telephone: +44 20 7466 5000 |
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Buchanan Communications |
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Ryan Gaffney / Andrew Chubb |
Telephone: +44 20 7050 6500 |
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Canaccord Genuity Limited |
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Joshua Critchley / Martin Eales |
Telephone: +44 20 7653 4000 |
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RBC Capital Markets |
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About Petra Diamonds
Petra Diamonds is a leading supplier of rough diamonds, with a gross resource base of 262 million carats. The Company offers a unique growth profile within the diamond sector, increasing its annual production fivefold in the year to June 2009 to over one million carats, and with firm plans in place to grow production to over three million carats.
In South Africa, Petra has interests in five producing mines - Cullinan, Koffiefontein, Helam, Sedibeng and Star - and has also agreed to acquire the Kimberley Underground mines from De Beers (this acquisition is expected to complete soon). In Tanzania, Petra has an interest in the Williamson mine.
Petra conducts all its operations according to the highest ethical standards, and will only work in countries which are members of the Kimberley Process. The Company is quoted on the AIM market of the London Stock Exchange (AIM: PDL).
www.petradiamonds.com
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