Botswana Diamonds PLC Ghaghoo mine update (0041L)
11 Mayo 2022 - 1:00AM
UK Regulatory
TIDMBOD
RNS Number : 0041L
Botswana Diamonds PLC
11 May 2022
11(th) May 2022
Botswana Diamonds PLC
("Botswana Diamonds", "BOD" or the "Company")
Ghaghoo mine update
The Board of Botswana Diamonds, the London AIM and BSE listed
diamond explorer, announces that, despite intensive advanced and
ongoing discussions with interested parties, the Board has been
unable to secure a new joint venture partner to acquire the Ghaghoo
mine before the extended long-stop date of 10(th) May 2022. The
Share Sale Agreement (the "Agreement") with Gem Diamonds Limited
("Gem Diamonds") for the sale of its wholly owned subsidiary of Gem
Diamonds Botswana Ltd ("GDB"), has therefore now lapsed.
Gem Diamonds have indicated their willingness to re-engage on
substantially the same terms as the Agreement if BOD and a partner
can finalise an agreement and accordingly, BOD is continuing its
discussions with potential joint venture partners.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK Domestic Law by virtue of the European Union (Withdrawal) Act
2018. The person who arranged for the release of this announcement
on behalf of the Company was James Campbell, Director.
A copy of this announcement is available on the Company's
website, at www.botswanadiamonds.co.uk
Enquiries:
Botswana Diamonds PLC
John Teeling, Chairman +353 1 833 2833
James Campbell, Managing Director +27 83 457 3724
Jim Finn, Director +353 1 833 2833
Beaumont Cornish - Nominated Adviser
Michael Cornish
Roland Cornish +44 (0) 020 7628 3396
Beaumont Cornish Limited - Broker
Roland Cornish
Felicity Geidt +44 (0) 207 628 3396
First Equity Limited - Joint Broker
Jason Robertson +44 (0) 207 374 2212
BlytheRay - PR +44 (0) 207 138 3206
Megan Ray +44 (0) 207 138 3553
Rachael Brooks +44 (0) 207 138 3206
Said Izagaren +44 (0) 207 138 3206
Naomi Holmes +44 (0) 207 138 3206
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
Ciara Wylie +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
Beaumont Cornish Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is acting as
nominated adviser to the Company in relation to the matters
referred herein. Beaumont Cornish Limited is acting exclusively for
the Company and for no one else in relation to the matters
described in this announcement and is not advising any other person
and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of
Beaumont Cornish Limited, or for providing advice in relation to
the contents of this announcement or any matter referred to in
it.
ENDS
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END
UPDBUGDUIUBDGDG
(END) Dow Jones Newswires
May 11, 2022 02:00 ET (06:00 GMT)
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