Stellar Diamonds issues convertible loan note and grants warrants

14 August 2015
Client work

On 14 August 2015, Stellar Diamonds Plc (AIM: STEL) announced that it had raised US$330,000 (approximately £211,200) by way of the issue of a new unsecured convertible loan note to Deutsche Balaton AG. Additionally Stellar granted Deutsche Balaton a warrant to subscribe for new ordinary shares for an aggregate subscription price of US$330,000 (£211,200).

Stellar is a West African focused diamond mining and exploration with interests in Sierra Leone and Guinea. Deutsche Balaton is a German private equity investment company whose shares are traded on the Frankfurt Stock Exchange.

We advised Stellar with respect to this transaction with a team that included Sefton Collett, Charles Bond and Susan Johnston.

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Related   Natural Resources, Mergers & Acquisitions, Private Equity

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