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Pin to quick picksKarelian Share News (KDR)

Share Price Information for Karelian (KDR)

London Stock Exchange
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Share Price: 2.95
Bid: 2.70
Ask: 3.20
Change: 0.05 (1.72%)
Spread: 0.50 (18.519%)
Open: 2.95
High: 2.95
Low: 2.95
Prev. Close: 2.90
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Karelian Diamond Raises GBP420,000 In Discounted Share Placing

Tue, 18th Aug 2020 11:12

(Alliance News) - Karelian Diamond Resources PLC on Tuesday said it has raised GBP420,000 via a share placing.

The firm placed 10.5 million shares at a price of 4 pence each. The placing price represented a 24% discount to Monday's closing price.

Shares in Karelian Diamond Resources were down 14% at 4.49 pence in London on Tuesday.

The placing was done by broker Brandon Hill Capital Ltd and was with new investors, Karelian said. The share issue comes with warrants to subscribe for a further 525,000 shares at the same price of 4p.

"The net proceeds of the placing will be used by the company to explore the acreage surrounding the Lahtojoki diamond deposit and to expedite its technical assessment of the deposit, for exploration in the Kuhmo region of Finland where the company has discovered a green diamond in till and for general working capital purposes," the company explained.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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7 Oct 2019 14:29

Karelian Diamond Resources Raises GBP50,000 Through Subscription

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28 Mar 2019 15:19

Karelian Diamond Resources granted reservation in Finland

(Sharecast News) - Karelian Diamond Resources announced on Thursday that TUKES - the Finnish Mining Authority - has granted a it reservation situated in the Salla region of north eastern Finland.

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13 Feb 2019 14:19

Karelian Diamond Resources granted reservation in eastern Finland

(Sharecast News) - Karelian Diamond Resources reported on Wednesday that TUKES - the Finnish Mining Authority - has granted a it reservation situated in the Liperi region of eastern Finland.

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15 Feb 2017 10:07

Karelian reports on 'stunning' diamond discovery

(ShareCast News) - Karelian Diamond Resources announced on Wednesday that it has received a technical report by the Geological Survey of Finland (GTK) on its diamond discovery in Eastern Finland that was announced on 31 January. The AIM-traded company said the stone, which was described by GTK diamo

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31 Jan 2017 09:11

Karelian Makes "Rare And Significant" Diamond Discovery In Finland

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12 Jan 2017 09:37

Karelian reports positive results from boulder testing

(ShareCast News) - Finland-focused diamond exploration company Karelian Diamond Resources announced on Thursday that it has received further results and a report from the Geological Survey of Finland on the kimberlite boulder discovery made 2.5km south west of the Lahtojoki Diamond Deposit, which sh

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17 Nov 2016 11:26

Karelian doubles losses as it continues development programme

(ShareCast News) - Diamond exploration company Karelian announced its results for the year to 31 May on Thursday, a year in which the board said "highly encouraging progress" was made towards achieving its objective to discover, or acquire, and develop diamond deposits in Finland. The AIM-traded fir

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9 Nov 2016 11:05

Karelian posts positive results from Lahtojoki

(ShareCast News) - Finland-focused diamond exploration company Karelian Diamond Resources announced on Wednesday that it has received results and a report from the Geological Survey of Finland, commissioned by the company on a Kimberlite boulder discovery to the south west of the its Lahtojoki diamo

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10 Aug 2016 07:55

Karelian Diamond Gets Data Proving Lahtojoki Could Be Profitable Mine

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1 Jun 2016 15:50

Karelian receives Lahtojoki licences

(ShareCast News) - Finland-focussed diamond exploration company Karelian Diamond Resources announced on Wednesday that the diamond mining permit for the recently-acquired Lahtojoki project has been formally transferred from A&G Mining Oy, along with all of the claim reports and additional technical

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1 Jun 2016 06:53

Karelian Diamonds Secures Mining Permit For New Lahtojoki Project

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17 May 2016 11:09

Karelian Diamond Resources Raises Funds For Finnish Projects (ALLISS)

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19 Apr 2016 13:50

Karelian Diamond Resources acquires new Finnish mining permit

(ShareCast News) - Karelian Diamond Resources has agreed to acquire a diamond mining permit over the Lahtojoki project in Finland, which it predicts can become a profitable low strip ratio open pit diamond mine. Karelian will pay an initial €50,000, followed by another €100,000 after 24 months unles

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19 Apr 2016 12:23

Karelian Acquires Finnish Diamond Mining Permit For EUR150,000

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11 Apr 2016 07:46

Karelian Says Analysis Shows Potential Diamond Province In Finland

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