Key Developments: Firestone Diamonds PLC (FRDIF.PK)
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12 Feb 2013
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Latest Key Developments (Source: Significant Developments)
Firestone Diamonds PLC Announces Appointment Of Chief Financial Officer
Firestone Diamonds PLC announced the appointment of Grant Ferriman as Chief Financial Officer of the Company, effective July 1, 2012. Grant's appointment follows the resignation of Angus Ogilvie as Finance Director of the Company during April 2012. Full Article
Firestone Diamonds PLC Announces Resignation Of Finance Director
Firestone Diamonds PLC announced that Mr. Angus Ogilvie has resigned from the Board as Finance Director to pursue other interests. The Company expects to announce the appointment of a new Chief Financial Officer in due course. In the interim period, Braam Jonker, a non-executive director, will oversee the finance function of the Company. Full Article
Firestone Diamonds PLC Announces Placing To Raise GBP14.7 Million
Firestone Diamonds PLC announced a financing through Mirabaud Securities LLP to raise GBP14.7 million before expenses as part of the restructuring of the Company and further development of the Company's Liqhobong Mine, Lesotho. The Company has provisionally placed 172,900,000 new ordinary shares of 1 pence each in the Company (Placing Shares) with institutional and other investors at a price of 8.5 pence per Placing Share raising GBP14,696,500 before expenses (Placing). The proceeds of the Placing will be used in the ongoing development of the Company's Liqhobong asset in Lesotho, repayment of debt, ongoing costs of BK11 in Botswana and for general working capital purposes. Full Article
Firestone Diamonds PLC Does Not Declare Dividend
Firestone Diamonds PLC announced that the Board of Director are not declaring a dividend for the period. Full Article
Firestone Diamonds PLC Announces Change of Chairman of Board
Firestone Diamonds PLC announced that Mr. Philip Kenny has resigned as Chairman of the Company in order to pursue other business interests with effect from January 16, 2012. Mr. Kenny was a co-founder of the Company and held the position of Chief Executive Officer from the date of the Company's listing on AIM in 1998 until March 2011, when he became Chairman. Following the resignation of Mr. Kenny, the Company announced the appointment of Mr. Lucio Genovese to its Board as non-executive Chairman with immediate effect. Full Article
Firestone Diamonds PLC Does Not Declare Dividend
Firestone Diamonds PLC announced that the Directors do not recommend the payment of a dividend for the period ended June 30, 2011. Full Article
Firestone Diamonds PLC Announces Financing To Raise GBP13.5 Million
Firestone Diamonds PLC announced a financing to raise GBP13.5 million. Placing of 48,649,000 new ordinary shares to raise GBP13.5 million before expenses. The Company has conditionally raised approximately GBP13.5 million (before expenses) through the placing of 48,649,000 new Ordinary Shares at a placing price of 27.75 pence per Ordinary Share with investment institutions and other investors. Of the 48,649,000 new Ordinary Shares placed, 28,865,000 have been placed within the existing authorities granted to the Directors raising approximately GBP8,010,038 (First Placing Shares). The placing of the balance of the 19,784,000 new Ordinary Shares is conditional on the Company obtaining approval from Shareholders to a dis-application of pre-emption rights in relation to their allotment and subject to such approval from Shareholders, will raise the balance of GBP5,490,060 (Second Placing Shares). The total funds raised from the Placing (net of expenses) of approximately GBP12.8 million will be used for the following purposes; Liqhobong Plant 2 tailings dam GBP4.4 million; Liqhobong Plant 2 DFS GBP1.0 million; Liqhobong Plant 1 improvements GBP3.5 million; BK11 power line GBP1.3million; Botswana kimberlite evaluation GBP0.5 million; and Working capital and other purposes GBP2.1 million. Full Article
Firestone Diamonds PLC Announces Listing On Botswana Stock Exchange
Firestone Diamonds PLC announced that the Company has satisfied all of the requirements for a dual listing on the Botswana Stock Exchange's Venture Capital Board (VCB). Firestone's shares are expected to commence trading on the VCB on June 13, 2011. Full Article
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