Karelian Diamond Resources plc has raised £290,000 through the issue of unsecured convertible loan notes to existing and new investors. LICENCES The three-year loan notes have a conversion price of 1.5 pence per share, which is a 300% premium to the closing mid-market price of 0.375 pence for the company’s ordinary shares on 19 March […]
Tag: Kuhmo region – Finland
Conroy increases fundraise to £1.7m
Conroy Gold and Natural Resources plc has increased its recent fundraise to a total of £1,728,700, following further commitments from investors. ADMISSION The non-brokered private placement, at 10 pence per share, was oversubscribed when compared with the company’s initial intention on 12 September to raise £1.5 million. The fundraise attracted interest from current investors and […]
Karelian major investor reduces stake
Karelian Diamond Resources plc investor Steve Coomber has reduced his stake in the company to 8 million ordinary shares of €0.00025 each. The figure is equivalent to 4.66% of the company’s current issued ordinary shares and voting rights. Mr Coomber previously held 10,330,065 shares, equal to 6.01% of the company’s issued share capital, as stated […]
Karelian significant shareholder reduces stake
Karelian Diamond Resources plc’s significant shareholder David John Naylor has reduced his stake in the company. In February, Mr Naylor held 10,509,468 ordinary shares of €0.00025 each, equivalent to 8.17% of Karelian’s then issued ordinary shares and voting rights. Following a sale of shares today, he has an interest of 7,656,757 ordinary shares, equivalent to […]
Karelian positive on Kuhmo sampling results
Karelian Diamond Resources plc has received “positive” kimberlite indicator minerals results from till samples excavated at the green diamond target area in the Kuhmo region, Eastern Finland. SOURCE The kimberlite indicator minerals (KIM) were found in 19 of 21 till samples, up-ice of the green diamond discovery. Sampling was also conducted as close as possible […]
Karelian raises £323,075 via placing-subscription
Karelian Diamond Resources plc has raised a total gross £323,075 via a 37.5% discounted placing and subscription to a total 43,076,667 new ordinary shares each at 0.75 pence. USES The placing for 34,066,667 ordinary shares of €0.00025 each, raised £255,500 while the subscription for 9,010,000 ordinary shares at the issue price raised £67,575. Each placing […]