RNS Number:7710Z
KimCor Diamonds plc
14 March 2006



                              KIMCOR DIAMONDS PLC



                                   (AIM:KIM)



                                 RESULT OF EGM





The Directors are pleased to announce that the special resolution granting them
the authority to allot equity securities for cash as if section 89(1) of the
Companies Act 1985 did not apply (the "Authority") was passed at the
extraordinary general meeting of the Company held earlier today.



The Authority is limited to (i) the issue of up to 11,160,000 warrants pursuant
to the terms of the warrant instrument adopted by the Company on 16 February
2006, (ii) the allotment of equity securities in connection with a rights issue
or other pro rata offer in favour of members of the Company and (iii) otherwise
up to an aggregate nominal amount as shall equal 10 per cent. of the Company's
issued share capital immediately following the date of the passing of the
resolution. This Authority will expire on the earlier of the date falling 18
months from the date of the passing of the resolution and the next annual
general meeting of the Company.



Accordingly, the Company will issue 11,160,000 warrants in connection with the
placing carried out at the time of the Company's admission to AIM.  Application
for the warrants to be admitted to trading on AIM has been made and it is
expected that admission of the warrants to trading on AIM will take place at
8.00 a.m. on 15 March 2006.



                                   ---ends---



Enquiries:


KimCor Diamonds plc                              Tel: 020 7318 5780
Martyn Churchouse
Manish Kotecha
www.kimcordiamonds.com


Westhouse Securities LLP                        Tel: 020 7601 6100
Bill Staple
Richard Morrison


Bishopsgate Communications Ltd                  Tel: 020 7430 1600
Dominic Barretto
Nick Rome




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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