Firestone Diamonds PLC Sale of BK11 Asset - Extension of Option Period (8478Z)
20 December 2017 - 6:00PM
UK Regulatory
TIDMFDI
RNS Number : 8478Z
Firestone Diamonds PLC
20 December 2017
20 December 2017
Firestone Diamonds plc
("Firestone", the "Group" or the "Company")
Sale of BK11 Asset - Extension of Option Period
Firestone Diamonds (AIM: FDI), a new diamond producer with
operations focused in Lesotho, announces that, as provided for in
the contractual agreements between the parties, the Group has
agreed to extend the option period granted to Amulet Diamond
Corporation ("Amulet") to purchase Firestone's BK11 asset until 31
December 2018.
BK11 is a diamond asset in Botswana, currently on care and
maintenance. As previously announced, Amulet is funding the
construction and operation of a bulk sampling plant at the BK11
mine during the option period to further assess the deposit. Amulet
has made steady progress towards completing the bulk sampling plant
but due to unforeseen equipment delivery delays, Amulet requested
an extension to the option period which has been granted by
Firestone.
For more information please visit www.firestonediamonds.com or
contact:
+44 (0)20
Firestone Diamonds plc 8741 7810
Stuart Brown
Macquarie Capital (Europe) Limited +44 (0)20
(Nomad and Broker) 3037 2000
Nick Stamp
Nicholas Harland
Guy de Freitas
Tavistock (Public and Investor +44 (0)20
Relations) 7920 3150
Simon Hudson
Jos Simson
Barney Hayward
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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