Issue of Equity (5353Y)
December 24 2010 - 3:01AM
UK Regulatory
TIDMFDI
RNS Number : 5353Y
Firestone Diamonds PLC
24 December 2010
Firestone Diamonds plc
Exercise of Options
LONDON: 24 December, 2010
Firestone Diamonds plc, ("Firestone" or "the Company"), the
AIM-quoted diamond mining and exploration company (ticker:
AIM:FDI), announces that pursuant to the exercise of options under
the Company's employee share option scheme, the Company has
allotted 46,570 ordinary shares of 20p each in the Company
("Ordinary Shares") and has made application to the London Stock
Exchange for these shares to be admitted to trading on AIM
("Admission"). It is expected that dealings in these new ordinary
shares will commence on 30 December 2010. These new ordinary shares
will rank pari passu in all respects with the existing issued
Ordinary Shares in the Company.
Following Admission the total issued ordinary share capital of
the Company will be 320,789,861 Ordinary Shares, all of which have
voting rights.
For further information, visit the Company's web site at
www.firestonediamonds.com or contact:
+44 20 8834 1028/+44 7831
Philip Kenny, Firestone Diamonds 324 645
Simon Edwards / Tim Redfern, Evolution
Securities (Joint Broker) +44 20 7071 4330 / 4312
Rory Scott, Mirabaud Securities
(Joint Broker) +44 20 7878 3360
Alexander Dewar, Brewin Dolphin
(Nominated Adviser) +44 131 529 0276
Jos Simson / Leesa Peters, Conduit +44 20 7429 6603/+44 7899
PR 870 450
Background information on Firestone Diamonds:
Firestone Diamonds plc is an international diamond mining and
exploration company with operations focused on Lesotho and
Botswana. Firestone operates the Liqhobong Mine in Lesotho and the
BK11 Mine in Botswana. Firestone is also the largest holder of
mineral rights in Botswana's diamondiferous kimberlite fields,
controlling approximately 10,000 square kilometres around the major
Orapa and Jwaneng mines and the entire Tsabong kimberlite field. In
addition to Liqhobong and BK11, Firestone has 108 kimberlites in
its portfolio, of which 30 have been proven to be
diamondiferous.
Lesotho is emerging as one of Africa's significant new diamond
producers and hosts Gem Diamonds' Letseng Mine, Firestone's
Liqhobong Mine as well as the Kao and Mothae development projects.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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