Result of General Meeting
July 24 2009 - 6:14AM
UK Regulatory
TIDMFDI
RNS Number : 2344W
Firestone Diamonds PLC
24 July 2009
Firestone Diamonds plc
Result of General Meeting
LONDON: 24 July, 2009
Firestone Diamonds plc ("Firestone" or "the Company"), the AIM-quoted diamond
mining and exploration company (ticker: AIM:FDI), announces that at the general
meeting of the Company (the "GM") held earlier today, all resolutions were duly
passed.
On 8 July 2009 Firestone announced the conditional placing of 35,873,480 new
ordinary shares of 20 pence each in the Company (the "New Ordinary Shares") (the
"Placing"). The Placing was, inter alia, conditional upon the Company obtaining
shareholder approval to disapply pre-emption rights. The passing of the special
resolution relating thereto at today's GM has enabled the Company to complete
its fundraising of approximately GBP7.2 million, conditional upon the New
Ordinary Shares being admitted to AIM, and the New Ordinary Shares have been
allotted to placees today. It is expected that admission of the New Ordinary
Shares to AIM will become effective on Monday 27 July 2009. For placees that
have elected to receive New Ordinary Shares in certificated form, share
certificates are expected to be issued by 30 July 2009.
For further information, visit the Company's web site at
www.firestonediamonds.com, or contact:
+----------------------------------------+-------------------------------+
| Philip Kenny, Firestone Diamonds | +44 20 8834 1028/+44 7831 324 |
| | 645 |
+----------------------------------------+-------------------------------+
| Simon Edwards / Tim Redfern, Evolution | +44 20 7071 4330 / 4312 |
| Securities (Joint Broker) | |
| | |
+----------------------------------------+-------------------------------+
| Rory Scott, Mirabaud Securities (Joint | +44 20 7878 3360 |
| Broker) | |
| | |
+----------------------------------------+-------------------------------+
| Alexander Dewar, Brewin Dolphin | +44 131 529 0276 |
| (Nominated Adviser) | |
| | |
+----------------------------------------+-------------------------------+
| Jos Simson / Leesa Peters, Conduit PR | +44 20 7429 6603/+44 7899 870 |
| | 450 |
+----------------------------------------+-------------------------------+
Background information on Firestone Diamonds:
Firestone Diamonds plc ("FDI.L") is an international diamond mining and
exploration company with operations in Botswana and South Africa. Botswana is
the world's largest and lowest cost producer of diamonds, with annual production
worth over $2.5 billion, and is considered to be one of the most prospective
countries in the world to explore for diamonds.
Firestone is the largest holder of mineral rights in Botswana's diamondiferous
kimberlite fields, controlling over 29,000 square kilometres around the major
Orapa and Jwaneng mines and the entire Tsabong kimberlite field. Firestone has
95 kimberlites in its portfolio, of which 24 have been proven to be
diamondiferous. Sixteen of Firestone's kimberlites are at the bulk sampling
stage, of which BK11 is the most advanced.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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