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Botswana Diamonds PLC raises 740,000 pounds


Friday, 13 Dec 2013 02:00am EST 

Botswana Diamonds PLC:Announces that it has conditionally raised cash proceeds of 540,000 pounds through the issue of 21,600,000 new ordinary shares of 0.01 pound each, plus two warrants per new share at a price of 2.5 pence per unit.Says it has also settled a further 200,000 pounds of existing liabilities with directors of the company through the issue of units at the same price as the units issued for cash.Says the funds will be used to fund the company's exploration projects in Botswana as well as working capital needs. 

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