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Gibb River Diamonds secures three mining leases in WA

Diamond Stocks added to watch list - (ASX: GIB) (LSE: GEMD) (LSE: KDR) (LSE: PDL)

Diamond Stocks added to watch list - (ASX: GIB) (LSE: GEMD) (LSE: KDR) (LSE: PDL)
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Burgundy Buys Yellow Rough for Manufacturing Launch

Burgundy Buys Yellow Rough for Manufacturing Launch
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O Keeffe s Burgundy Diamond in $45m capital raising

O’Keeffe’s Burgundy Diamond in $45m capital raising Save Share Michael O’Keeffe-backed diamonds play Bergundy Diamond Mines has kicked off a $45 million capital raising via stockbrokers Aitken Murray Capital Partners and Euroz Hartleys. The brokers were seeking bids for 63 million new shares to raise $15.2 million in a single tranche placement, which would occur at the same time as the group raised $30 million via the sale of convertible notes. Michael O’Keeffe, the former boss of Riversdale Mining, is Bergundy Diamond’s biggest shareholder and a director.   Nic Walker The placement was at 24¢ a share according to terms sent to investors on Thursday morning, which was a 7.7 per cent discount to the last close and a 7.9 per cent discount to the 30-day VWAP.

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