Firestone Diamonds PLC Update on Option Agreement for Botswana operations (8729K)
December 18 2018 - 9:59AM
UK Regulatory
TIDMFDI
RNS Number : 8729K
Firestone Diamonds PLC
18 December 2018
18 December 2018
Firestone Diamonds plc
("Firestone" or the "Company")
Update on the Option Agreement in respect of Botswana
operations
Further to the announcement on 24 May 2017, Amulet Diamond
Corporation ("Amulet") has today confirmed they are not exercising
the option to acquire Firestone's wholly owned subsidiary Firestone
Diamonds (Botswana) (PTY) Limited ("Firestone Botswana") and its 90
per cent. interest in Monak Ventures (PTY) Limited ("Monak")
(together the "Botswana Companies"), which hold Firestone's
interests in Botswana. The Company remains however in active
discussions with Amulet on the sale of these Botswana
Companies.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
For more information please visit www.firestonediamonds.com or
contact:
+44 (0)20 8741
Firestone Diamonds plc 7810
Paul Bosma
Grant Ferriman
Macquarie Capital (Europe) Limited (Nomad +44 (0)20 3037
and Broker) 2000
Nick Stamp
Nicholas Harland
+44 (0)20 7920
Tavistock (Public and Investor Relations) 3150
Jos Simson
Gareth Tredway
Annabel de Morgan
About Firestone
Firestone is an international diamond mining company with
operations focused in Lesotho. Liqhobong is owned 75% by Firestone
and 25% by the Government of Lesotho. Firestone commenced
commercial production in July 2017 at the Liqhobong Diamond Mine in
Lesotho. Lesotho is emerging as one of Africa's significant new
diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's
Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae
Mine.
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END
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