Pangea Diamond Fields announced that it has merged its diamond operations with those of International Gold Exploration AB.

According to the diamond explorer’s press release, the post-merger operation “will be a significant diamond exploration and mining company with resources across three African countries, together with its large existing portfolio of Nordic exploration projects and the exciting Ronnbacken Nickel Project.”

The merger will see an issue of 495,399,057 new International Gold Exploration shares. Once the deal is finalized, Pangea will hold 38.4% of International Gold Exploration’s issued share capital.

Pangea’s press release further said that International Gold Exploration primary assets include the R?nnb?cken nickel project in Sweden, and four diamond concessions in Angola.



The new venture, led by Pangea CEO Boris Kamstra, will therefore have nine diamond projects across Angola, South Africa and the Democratic Republic of Congo.