Firestone
Diamonds plc
Result
of General Meeting
LONDON: 24 July,
2009
Firestone
Diamonds plc ("Firestone" or "the Company"), the
AIM-quoted diamond mining and exploration company (ticker: AIM:FDI), announces that at the general
meeting of the Company (the "GM") held earlier today, all
resolutions were duly passed.
On
8 July 2009 Firestone announced the conditional placing of 35,873,480 new
ordinary shares of 20 pence each in the Company (the "New Ordinary
Shares") (the "Placing"). The Placing was, inter alia,
conditional upon the Company obtaining shareholder approval to disapply pre-emption rights. The passing of the special
resolution relating thereto at today's
GM has enabled the Company to complete its fundraising of
approximately 7.2 million, conditional upon the New Ordinary Shares
being admitted to AIM, and the New Ordinary Shares have been allotted to placees today. It is expected that admission of
the New Ordinary Shares to AIM will become effective on Monday
27 July 2009. For placees that have
elected to receive New Ordinary Shares in certificated form, share certificates
are expected to be issued by 30 July 2009.
For
further information, visit the Company's web site at www.firestonediamonds.com, or contact:
|
Philip Kenny, Firestone Diamonds
|
+44 20 8834 1028/+44 7831 324 645
|
|
Simon
Edwards / Tim Redfern, Evolution Securities (Joint
Broker)
|
+44 20 7071 4330 / 4312
|
|
Rory
Scott, Mirabaud Securities (Joint Broker)
|
+44 20 7878 3360
|
|
Alexander
Dewar, Brewin Dolphin
(Nominated
Adviser)
|
+44 131 529 0276
|
|
Jos Simson / Leesa
Peters, Conduit PR
|
+44 20 7429 6603/+44 7899 870 450
|
Background
information on Firestone Diamonds:
Firestone
Diamonds plc ("FDI.L") is an international diamond mining and
exploration company with operations in Botswana and South
Africa. Botswana is the world's largest and lowest cost producer of diamonds,
with annual production worth over $2.5 billion, and is considered to be one of
the most prospective countries in the world to explore for diamonds.
Firestone
is the largest holder of mineral rights in Botswana's diamondiferous kimberlite fields, controlling over 29,000 square kilometres around the major Orapa
and Jwaneng mines and the entire Tsabong
kimberlite field. Firestone has 95 kimberlites in its portfolio, of which 24 have been proven
to be diamondiferous. Sixteen of Firestone's kimberlites
are at the bulk sampling stage, of which BK11 is the most advanced.
This information is provided by RNS
The
company news service from the London Stock Exchange