Paragon Diamonds Ltd Result of AGM
04 August 2015 - 9:40PM
UK Regulatory
TIDMPRG
Paragon Diamonds Limited / Index: AIM / Epic: PRG / Sector: Resources
4 August 2015
Paragon Diamonds Limited ('Paragon' or the 'Company')
Result of AGM
Paragon Diamonds Limited, the AIM quoted diamond development company, is
pleased to announce that all resolutions were duly passed at the Company's
Annual General Meeting held earlier today.
**ENDS**
For further information please visit www.paragondiamonds.com or contact:
Philip Falzon Sant Paragon Diamonds +44 (0) 20 7182 1920
Manduca Limited
Simon Retter Paragon Diamonds +44 (0) 20 7182 1920
Limited
David Hignell Northland Capital +44 (0) 20 7382 1100
Gerry Beaney Partners Limited
(Nominated Adviser)
John Howes Northland Capital +44 (0) 20 7382 1100
Mark Treharne Partners Limited
(Sales and broking)
Felicity Winkles St Brides Partners +44 (0) 20 7236 1177
Limited
Frank Buhagiar St Brides Partners +44 (0) 20 7236 1177
Limited
Notes
Paragon Diamonds has an 80% interest in the Lemphane Kimberlite Pipe project in
Lesotho, located close to the world class Letseng mine, Lesotho's largest
diamond mine. Lemphane is the last known kimberlite to be developed in
Lesotho. The first of a two stage production programme is expected to commence
in 2015 which will further define the resource at Lemphane. As increased
tonnages of kimberlite are processed the proportion of larger diamonds
recovered will improve, increasing the average value of diamonds recovered at
the project, as was the case at Letseng. In addition to Lemphane, Paragon
Diamonds has signed a Memorandum of Understanding with Lucara Diamond
Corporation, a TSX quoted mining company, to acquire a 75% interest in and
operate the defined Mothae Kimberlite Resource, which is located only 5 km from
the world class Let?eng le Terai diamond mine in Lesotho.
END
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