Sierra Leone Diamond to raise 20-25 mln stg via placing at 130p/share - Forbes.com

LONDON (Thomson Financial) - Sierra Leone Diamond Company Ltd said it plans to undertake a cash placing to raise between 20 mln stg and 25 mln stg, before expenses, at 130 pence a share to provide funds to finance its non-diamond exploration opportunities.

In particular, the net proceeds will be used to finance scoping studies on the Tonkolili and Marampa Iron Ore Projects and fund further exploration of Sierra Leone's base metals, gold and uranium assets, the company added.

Sierra Leone Diamond to raise 20-25 mln stg via placing at 130p/share - Forbes.com