BlueRock Diamonds PLC Issue of Shares (6469U)
April 07 2021 - 2:15AM
UK Regulatory
TIDMBRD
RNS Number : 6469U
BlueRock Diamonds PLC
07 April 2021
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
7 April 2021
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Issue of Shares
BlueRock Diamonds plc, the AIM listed diamond mining company,
which owns and operates the Kareevlei Diamond Mine in the Kimberley
region of South Africa ("Kareevlei" or the "Project"), announces
that 61,013 ordinary shares have been issued at a price of
GBP0.43198 a share (equal to the volume weighted average price for
the 5 trading days to 31 March 2021) to part satisfy the payment of
interest and repayment premium in accordance with the terms of the
original loan agreement between Adam Waugh (the previous CEO of
BlueRock) and the Company. The loan has now been repaid in
full.
Application has been made for the 61,013 shares to be admitted
to trading on AIM ("Admission"). The shares will rank pari passu
with the existing ordinary shares of the Company and it is expected
that Admission will become effective, and dealings will commence on
or around 12 April 2021.
Following the issue of the shares, the issued share capital of
the Company will consist of 12,897,670 ordinary shares. No shares
were held in treasury at the date of this announcement. The total
current voting rights in the Company are therefore 12,897,670.
The above figure of 12,897,670 may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
ENDS
BlueRock Diamonds PLC mhouston@bluerockdiamonds.co.uk
Mike Houston dfacey@bluerockdiamonds.co.uk
David Facey, FD
SP Angel (NOMAD and Broker) contact@spangel.co.uk
Stuart Gledhill / Caroline Rowe
---------------------------------
St Brides Partners Ltd (Financial info@stbridespartners.co.uk
PR)
Isabel de Salis / Cosima Akerman
/ Susie Geliher
---------------------------------
Notes to editors:
BlueRock Diamonds is an AIM-listed diamond producer which
operates the Kareevlei Diamond Mine near Kimberley in South Africa
which produces diamonds of exceptional quality and ranks in the top
ten in the world in terms of average value per carat. The Kareevlei
licence area covers 3,000 hectares and hosts five known
diamondiferous kimberlite pipes with a combined inferred resource
of 10.4 million tonnes / 516,200 carats (February 2021); based on
its planned production of 1 million tonnes per annum, this provides
a minimum 10-year life of mine.
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END
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