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ELEVRA LITHIUM LIMITED — Capital/Financing Update 2008
Jan 10, 2008
64838_rns_2008-01-10_fce9100a-3297-4995-85e3-cd0e7f92bec4.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 STOCK EXCHANGE
11 January 2008
SHARE PLACEMENT CONFIRMED
DiamonEx Limited (ASX/AIM: DON, BSE: Diamonex) (“DiamonEx” or the “Company”), the international diamond explorer with a portfolio of exploration projects in Botswana and the United States, is pleased to announce a successful share placement on the Alternative Investment Market (“AIM”) of the London Stock Exchange Plc for approximately £1.4 million through London-based broker Fox-Davies Capital Limited to international institutional investors.
A total of 8,457,000 shares were placed by Fox-Davies in the last round at £0.16 (A$0.37) per share, to raise £1,353,120 (approximately A$3m).
This raising follows on from the 9,070,000 ordinary shares placed at the placing price of A$0.37 and raising A$3,355,900 for the Company in December 2006. The combined number of shares from both placements totals 17,527,000 ordinary shares, raising approximately £2.8 million for DiamonEx. This raising draws a close to DiamonEx’s funding requirements for the year for the company’s existing assets.
Announcing the placement, DiamonEx Chairman Mr Greg King said:
“DiamonEx welcomes this further demonstration of confidence by large, highly regarded investors in the international resources industry. Calendar year 2008 is a watershed year for DiamonEx as we transform ourselves from a junior explorer to a producer. We continue to implement our planned growth strategy.”
Allotment of the shares and a request for the quotation of the Shares on the ASX will be made in the next few days following the completion of placement documentation.
For further information, contact:
Dan O’Neill (Managing Director) Greg King (Executive Chairman) +61 7 37208944 (Office) +61 7 37208944 (Office) +61 7 37208988 (Fax) +61 7 37208988 (Fax) +61 407596942 (Mobile) +61 411473730 (Mobile) [email protected] (Email) [email protected] (Email) Richard Hail (Fox-Davies Capital) Will Souter (RFC Corporate Finance Ltd) +44 (0)207 936 5220 (Office) +61 2 92500000 (Office) +44 (0)207 936 5219 (Fax) +61 2 92500001 (Fax) [email protected] (E-mail) [email protected] (E-mail)