Stellar Diamonds PLC Extensions of Longstop date & Guinea Exclusivity (9346M)
August 02 2017 - 9:14AM
UK Regulatory
TIDMSTEL
RNS Number : 9346M
Stellar Diamonds PLC
02 August 2017
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION
TO US NEWS WIRE SERVICES.
2 August 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Extensions of Sierra Leone Transaction Longstop date and Guinea
Disposal Exclusivity Period
Stellar Diamonds plc, the London listed diamond development
company focused on West Africa, announces that it has agreed with
Octea Mining to extend the longstop date (for the satisfaction of
certain of the conditions precedent of the binding Tribute Mining
and Revenue Agreements in relation to the Tongo-Tonguma mine
development project in Sierra Leone, as defined in the announcement
dated 28 April 2017) to 31 August 2017.
Furthermore, Stellar is in discussions with BDG Capital
regarding an extension to the exclusivity period related to the
disposal of Stellar's Guinea projects and assets to allow for
completion of the remaining project and financial due diligence
tasks and drafting of the required Share Purchase Agreement.
Further details will be announced in due course.
For further information contact the following or visit the
Company's website at www.stellar-diamonds.com.
Karl Smithson, Stellar Diamonds plc Tel: +44 (0) 20
CEO Stellar Diamonds plc 7010 7686
Philip Knowles, Tel: +44 (0) 20
CFO 7010 7686
Emma Earl Cairn Financial Advisers Tel: +44 (0) 20
Sandy Jamieson (Nominated Adviser) 7213 0880
Jon Bellis Beaufort Securities Tel: +44 (0) 20
Limited (Joint Broker) 7382 8300
Martin Lampshire Peterhouse Corporate Tel: +44 (0) 20
Finance (Joint Broker) 7469 0930
Rory Scott Mirabaud Securities
(Financial Advisers) Tel: +44 (0) 20
7878 3360
Tim Blythe Blytheweigh Tel: +44 (0) 20
Nick Elwes (Financial PR) 7138 3204
About Stellar Diamonds plc
Stellar is an AIM listed (AIM: STEL) focussed on developing the
high-grade and high value Tongo-Tonguma project in Sierra
Leone.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "will" or the negative of those, variations or
comparable expressions, including references to assumptions. These
forward looking statements are not based on historical facts but
rather on the Directors' current expectations and assumptions
regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the
amount, nature and sources of funding thereof), competitive
advantages, business prospects and opportunities. In particular,
there is no guarantee that the Company will be able to complete the
Transaction. Such forward looking statements re ect the Directors'
current beliefs and assumptions and are based on information
currently available to the Directors.
A number of factors could cause actual results to differ
materially from the results discussed in the forward looking
statements including risks associated with vulnerability to general
economic and business conditions, competition, environmental and
other regulatory changes, actions by governmental authorities, the
availability of capital markets, reliance on key personnel,
uninsured and underinsured losses and other factors, many of which
are beyond the control of the Company. Although any forward looking
statements contained in this announcement are based upon what the
Directors believe to be reasonable assumptions, the Company cannot
assure investors that actual results will be consistent with such
forward looking statements. Accordingly, readers are cautioned not
to place undue reliance on forward looking statements. Subject to
any continuing obligations under applicable law or any relevant AIM
Rule requirements, in providing this information the Company does
not undertake any obligation to publicly update or revise any of
the forward looking statements or to advise of any change in
events, conditions or circumstances on which any such statement is
based.
** ENDS **
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 02, 2017 10:14 ET (14:14 GMT)
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