Firestone Diamonds PLC Issue of shares (0776C)
April 10 2017 - 6:58AM
UK Regulatory
TIDMFDI
RNS Number : 0776C
Firestone Diamonds PLC
10 April 2017
10 April 2017
Firestone Diamonds plc
("Firestone" or the "Company") (AIM: FDI)
Issue of shares
Firestone Diamonds plc, the AIM-quoted diamond mining company,
announces that, in accordance with the terms of the US$30.0 million
Eurobond debt facility ("Eurobonds"), it has opted to issue, in
aggregate, 1,027,840 new ordinary shares of 1 pence each ("Ordinary
Shares") in respect of the quarterly interest due on the Eurobonds,
for the quarter ended 31 March 2017. As at 31 March 2017, Eurobonds
amounting to US$30.0 million had been issued.
Accordingly, the Company will issue, in aggregate, 513,920 new
Ordinary Shares to Pacific Road Resources Fund II L.P. and Pacific
Road Resources Fund II (together "Pacific Road") and 513,920 new
Ordinary Shares to Resource Capital Fund VI L.P. ("RCF") in respect
of the interest due on the Eurobonds, for the quarter ended 31
March 2017.
Application has been made to the London Stock Exchange plc for
the new Ordinary Shares to be admitted to trading on AIM. Admission
and dealings in the new Ordinary Shares is expected to commence at
8.00 a.m. on 18 April 2017. On Admission, the Company will have
316,915,212 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in
treasury. Accordingly, the above figure of 316,915,212 may be used
by shareholders 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 Financial Conduct Authority's Disclosure and
Transparency Rules.
Following the issue of the new Ordinary Shares, Pacific Road and
RCF will be interested in 75,088,770 and 75,127,402 Ordinary Shares
respectively, representing approximately 23.69% and 23.71%
respectively of the Company's issued share capital.
For more information contact:
+44 (0)20 8741
Firestone Diamonds plc 7810
Stuart Brown
+44 (0)20 7409
Strand Hanson Limited (Nomad) 3494
Stuart Faulkner
Richard Tulloch
James Dance
Macquarie Capital (Europe)
Limited (Joint Broker)
Raj Khatri +44 (0)20 3037
Nick Stamp 2000
Mirabaud Securities LLP
(Joint Broker)
+44 (0)20 7878
Rory Scott 3360
+44 (0)20 7878
Ed Haig-Thomas 3447
Tavistock (Public and Investor +44 (0)20 7920
Relations) 3150
+44 (0)7788 554
Jos Simson 035
Emily Fenton
Background information on Firestone
Firestone is an international diamond mining company with
operations focused on Lesotho. Firestone is currently in the
process of commencing production at the Liqhobong Mine in Lesotho
to become a one million carat per annum producer.
Lesotho is emerging as one of Africa's significant new diamond
producers, and hosts Gem Diamonds' Letseng Mine, Firestone's
Liqhobong Mine, as well as Namakwa Diamonds' Kao Mine.
For more information please visit:
www.firestonediamonds.com.
**ENDS**
This information is provided by RNS
The company news service from the London Stock Exchange
END
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