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ELEVRA LITHIUM LIMITED — Capital/Financing Update 2007
Oct 29, 2007
64838_rns_2007-10-29_b546e484-1d61-4f19-a954-3b7f8d55aea5.pdf
Capital/Financing Update
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DiamonEx Limited
ABN 26 091 951 978
Level 1 349 Coronation Drive Milton Qld 4064 Australia Telephone: +61 7 3720-8944 Facsimile: +61 7 3720-8988 e-mail : [email protected] Postal Address: PO Box 1357 Milton Qld 4064
ASX ANNOUNCEMENTS AUSTRALIAN SECURITIES EXCHANGE
29 October 2007
LISTING ON ALTERNATIVE INVESTMENT MARKET
DiamonEx Limited is pleased to announce the commencement of trading on the AIM of the London Stock Exchange.
Managing Director, Dan O’Neill said “With Lerala Diamond Mine approaching production, we look forward to the London AIM listing improving share trading access for international institutional investors that appreciate investment opportunities presented by diamond producers in African countries and Botswana in particular.”
The Company has appointed Australian based group RFC Corporate Finance Ltd as its Nominated Adviser and London broker, Fox-Davies Capital Limited is acting as the Company's AIM Broker.
The Company’s ordinary shares will continue to be listed on the Australian Securities Exchange (ASX) and the Botswana Stock Exchange (BSE). Shareholders can trade their shares on these exchanges or AIM, but before doing so, will need to transfer their shares onto the relevant share registry and establish an account with an appropriate stockbroker. The Company and its share registrar can provide further details on such procedures to interested shareholders.
For further information, contact:
Dan O’Neill (Managing Director)
+61 7 37208944 (Office) +61 7 37208988 (Fax) +61 407596942 (Mobile) [email protected] (Email)
Greg King (Chairman)
+61 7 37208944 (Office) +61 7 37208988 (Fax) +61 411473730 (Mobile) [email protected] (Email)
Will Souter
RFC Corporate Finance Ltd (Nomad) Tel: +612 9250 0050 Email: [email protected]
Richard Hail
Fox-Davies Capital Ltd (AIM Broker) Telephone: +44(0) 20 7936 5200 Email: [email protected]
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About DiamonEx Limited:
The Company’s main activity is taking into production the Botswana based Lerala Diamond Mine Project (“Lerala”) and the exploration of other prospective diamondiferous areas for the purpose of identifying diamond reserves.
DiamonEx is a Brisbane, Australia-based specialist diamond company planning to develop a diamond mine based on an established 3.7 million carat resource at Lerala (owned 100% by DiamonEx) which is situated within a region of Botswana and adjacent South Africa that produces 35% of the world's rough diamond production.
The Lerala mine is currently under development and the Company’s plan is to be in production by the 1st quarter of 2008 at an anticipated production of 327,000 carats per annum.