Aim-listed Botswana Diamonds has undertaken a share placement and subscription with existing and new investors to raise £380 000 through the issue of 76-million new ordinary shares of £0.0025 each at a placing price of 0.5p a share.
Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.5p a new ordinary share for a period of two years from November 27.
The placing shares will rank equally in step with the company’s existing ordinary shares.
