DiamondCorp placing and subscription raises £3.18 million

On 5 June 2015, DiamondCorp Plc (AIM: DCP; AltX: DMC), the Southern African focussed diamond development, exploration and mining company, announced that it had placed 31,837,000 new ordinary shares of 0.1 pence each in the company to raise gross proceeds of approximately £3.18 million.

The placing, which was oversubscribed, was undertaken with a range of new and existing institutional and private investors in both the UK and South Africa.

Applications were made to the AIM Market of the London Stock Exchange plc ("AIM") and the Alternative Exchange of the JSE Limited ("AltX") for the new shares to be admitted to trading on AIM and AltX, and admission became effective and dealings commenced on 10 June 2015. The new shares rank pari passu with existing ordinary shares in the company.

David Brennan advised DiamondCorp in this transaction.