NAD Namakwa DI.

TIDMNAD

RNS Number : 8176Z

Namakwa Diamonds Limited

12 March 2013

12 March 2013

Namakwa Diamonds Limited (LSE: NAD)

("Namakwa" or the "Company")

Result of Special General Meeting

The Company announces that at the Special General Meeting of the Company ("SGM") held at 10.30 a.m. today in London, the resolution set out in the circular to Shareholders dated 25 February 2013 was duly approved by Shareholders. In particular, more than 75% of the votes cast at the SGM by Shareholders (whether present in person or by proxy) were in favour of the special resolution to cancel admission of trading of the Ordinary Shares on AIM. 98.54% of votes cast at the SGM were in favour of the resolution. Accordingly, cancellation of admission of the Company's Ordinary Shares to trading on AIM is expected to occur with effect from 7.00 a.m. on 25 March 2013.

For further information please visit www.namakwadiamonds.com or contact:

 
 Namakwa Diamonds                               Shore Capital 
                                                               +44 20 7408 
 Theo Botoulas              +27 11 334 8886     Pascal Keane    4090 
 
 Tavistock Communications 
                                  +44 20 7920 
 Simon Hudson/Kelsey Traynor       3150 
 
 

About Namakwa Diamonds Limited

Namakwa is a diamond resource group, which seeks to extract maximum value from the marketing and sale of Group mined and contracted production.

The Group's mining activities are focused on the Kao Mine in Lesotho. Operated by Storm Mountain Diamonds, the Kao Mine Pipe Complex presents a c.183Mt kimberlite resource of c.11.6m carats ("cts") (c.3.3Mcts indicated and c.8.3Mcts at Inferred level of confidence), with an additional 1.7m carats at a Deposit level of confidence, in which Namakwa holds a 62.5% interest. The other shareholders are the Government of Lesotho (25%) and Kimberlite Investments Lesotho Limited (12.5%).

The Group also maintains alluvial mining operations in the North West Province of South Africa and resource-development and exploration assets in the Northern Cape Province of South Africa and the offshore marine environment of Namibia. These combined resources add a further c.6.9Mcts at Indicated and Inferred levels of confidence to the Group's Global Resource Inventory to a grand total of 18,535,700 carats as at 31 August 2012.

-ends-

This information is provided by RNS

The company news service from the London Stock Exchange

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