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Gibb River Diamonds secures three mining leases in WA

Gibb River Diamonds (GIB) has received three mining leases, marking a significant step towards reviving the Ellendale Diamond Project. ....

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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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New Ellendale Owners Raise $37m

New Ellendale Owners Raise $37m
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O'Keeffe's Burgundy Diamond in $45m capital raising

OâKeeffeâs Burgundy Diamond in $45m capital raising
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Michael OâKeeffe-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 OâKeeffe, the former boss of Riversdale Mining, is Bergundy Diamondâs biggest shareholder and a director. Â
Nic Walker
The placement was at 24Â¢ 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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