Botswana Diamonds Ltd is raising £1.51m at 4p a share.
The £1.47m after expenses will be invested in exploration projects in Botswana, Cameroon and Zimbabwe. The first results from Botswana will come through in the third quarter and from Cameroon around the middle of the year. Sampling continues in Zimbabwe.
At 4.25p a share, Botswana is currently valued at £4.27m.
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