Botswana Diamonds CEO Doubles Stake in Company
Post Date: 01 Apr 2011 Viewed: 577
Botswana Diamonds Chairman John Teeling has doubled his share in the company, acquiring this week a 3.93% stake, which brings his total holding to 7.95% of the capital, proactiveinvestors.co.uk reports.
The company began trading on the London Stock Exchange's Alternative Investment Market (AIM) in February after selling the AK6 diamond mine to Lucara Diamonds in December 2010 for £51 million, allowing it to focus on the AK8, AK9, and BK5 kimberlites – all of which have been identified as diamondiferous.
Botswana Diamonds holds three diamond exploration licenses for Botswana's Orapa region last week reported that it had been granted an 8.087-square-kilometer license in Cameroon, located next to the Mobilong license, where a Korean company recently discovered diamonds.