Diamcor announced the placement of shares with a total value of 5 million Canadian dollars ($ 3.9 million) through a closed subscription for the additional equipment I have the materials needed for the further development of the plot Crown Endor (Krone-Endora) Project Venice (, Venetia) in South Africa.
Proceeds from the offering will be used for administrative and general needs of the company.
As noted in Diamcor, 4,54 million shares will be placed at a price of 1.10 Canadian dollars each.
On top of that stock will consist of one common share, as well as a coupon for the purchase of half of an ordinary share.
Each of these coupons will allow the holder to purchase an additional share at a price of 1.60 Canadian dollar in the period up to 36 months from their release date.
However, the placement of shares shall be tested and the representatives of the exchange process of signing the relevant documentation.
Recently Diamcor reported receiving $ 1.9 million from the sale of 13, 384.72 carats of diamonds in the first quarter of 2016.
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The newly established consolidated Zimbabwean diamond mining company Zimbabwe Consolidated Diamond Company (ZCDC) will receive a diamond concession DTZ-OZGEO Russian company in the Chimanimani district in land ownership Chalzvud (Charleswood) in the east of Zimbabwe.
Minister of Mines of Zimbabwe Chidakva Walter (Walter Chidhakwa) said that the cost of equipment and technology will be compensated after assessing DTZ-OZGEO.
According to his statement, which results in portal New Zimbabwe.com, representatives of Russian companies were happy to government plans to consolidate the diamond mining in the country and supported the policy of the authorities.
"We have held consultations with the Russian company, and its representatives expressed support for government policies they said that they would not sue the government of Zimbabwe." - said the Minister.
"They want to negotiate the value of its assets, and they are willing to sell them to us, and then they will look for other opportunities to invest in other sectors of the economy."
Previously stated that the DTZ-OZGEO will be freed from the need to transfer their assets ZCDC.
Official Harare earlier ordered the diamond mining companies in Marange region (Marange) diamond fields off after they refused to become part of the new consolidated company's diamond mining.
Their production license as expired.
At the same time, Chidakva said that thanks ZCDC government to be able to get cash, which it so badly needs.
He said that ZCDC will not wait for six months or a year to pay dividends to the government, and instead will send him money every month.
"ZCDC Company was instructed to transfer funds to the treasury to maintain government operations and to help the victims to local communities", - concluded the Minister.
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