Metals & Minerals News

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 […]

Metals & Minerals News

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 […]

Finance Metals & Minerals News

Karelian raises £185,000

Karelian Diamond Resources plc has raised £185,000 via a 30% discounted placing and subscription of 0.75 pence over a total 24,666,666 new ordinary shares each of €0.00025. TVRs The placing involved 18 million ordinary shares to raise £135,000 before expenses, while “certain parties” subscribed for 6,666,666 new ordinary shares at the issue price to raise […]

Metals & Minerals News

Karelian discovers ‘promising’ target at Cappagh

Karelian Diamond Resources plc has identified a “significant” and “promising” new copper target on the site of the historic Cappagh copper mine in County Tyrone, Northern Ireland. DATA The company has completed initial desktop studies and reconnaissance work since receiving the six-year licence KDR4 in May from the Department for the Economy. Managing director Maureen […]

Finance Metals & Minerals News

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 […]

Metals & Minerals News

Karelian significant investor increases holding

Karelian Diamonds Resources plc reported that one of its significant shareholders, David John Naylor, has acquired further shares in the company. Following the purchase on 12 February, Mr Naylor now has an interest of 10,509,468 ordinary shares of €0.00025 each. The figure is equivalent to 8.17% of Karelian’s current issued ordinary shares and voting rights […]