The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKarelian Share News (KDR)

Share Price Information for Karelian (KDR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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
KDR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

More News
24 Feb 2014 11:04

Karelian Diamond Resources Pretax Loss Widens On Operating Expenses

LONDON (Alliance News) - Karelian Diamond Resources PLC Monday said its pretax loss widened during its first-half as operating expenses jumped during the company's development phase. The diamond mining company, with operations in Finland, said its pretax loss widened to EUR96,610 for the si

Read more
24 Feb 2014 10:54

STOCKS NEWS EUROPE-Small caps fall 0.4 pct, lag AIM stocks

The FTSE Small Cap index falls 0.4 percent, in line with the blue chips and the mid-caps, but lagging junior-listed AIM shares , which gain 0.6 percent. United Carpets Group is one of the day's biggest gainers, up 36.4 percent. Shares in the British retail carpet and floor covering group ar

Read more
20 Jan 2014 10:11

Karelian Diamond Granted Two Exploration Claim Reservations In Finland

LONDON (Alliance News) - Karelian Diamond Resources PLC said Monday that it had been granted the first two of four exploration claim reservations in the Kuusamo region of Finland by the Finnish Mining Authority. The company said that both reservation areas have been shown to contain mineral

Read more
14 Jan 2014 14:24

Karelian raises funds for Finnish diamond hunt

Explorer Karelian Diamond Resources said it had raised 550,000 pounds to develop its diamond assets in Finland, boosting its shares. The group placed 27,500,000 new ordinary shares at 2p per share to raise £550,000 before expenses thanks to demand from existing institutional and retail shareholders

Read more
7 Jan 2014 17:01

STOCKS NEWS EUROPE-UK small caps close up 0.4 pct

The FTSE small cap index closes up 0.4 percent, broadly in-line with the blue-chip FTSE 100, while the junior-listed FTSE AIM All Share Index ends flat. NetDimensions rises 20.7 percent after the software services company says in a trading update that it expects revenues well above market

Read more
7 Jan 2014 10:53

Karelian to raise 0.8m to sate share demand

AIM-listed explorer Karelian Diamond Resources knocked the wind out of its recently surging shares as it announced plans to raise cash at discount to its newly inflated share price. Karelian, which has been on the charge after revealing before Christmas it was applying to expand its Kuusamo explora

Read more
11 Dec 2013 09:58

STOCKS NEWS EUROPE-UK small cap equity indexes trade flat

The FTSE Small Cap and junior-listed AIM All Share equity indexes are flat in early morning trading, slightly underperforming 0.1 percent gains on the blue-chip FTSE 100 index and on the FTSE 250 mid-cap index . Asset finance and equipment leasing company 1PM surges 15.8 percent after stati

Read more
13 Nov 2013 14:56

Karelian Diamond Resources Narrows Full Year Losses

Read more
21 Oct 2013 08:28

Karelian Diamond Resources Submits Exploration Reservations In Finland

Read more
10 Nov 2010 16:31

Mining round-up: Discovery Metals, Patagonia Gold, Karelian ...

Shares in Discovery Metals picked up at it reported a successful drill test of the newly discovered Ophion exploration target, located 40 km southwest of the Zeta deposit at the Boseto Copper Project. Initial results confirmed that Ophion is mineralised at depth, Discovery said, with follow-up dri

Read more
22 Jul 2010 16:39

London close: Footsie back above 5,300

London rose again to climb above 5,300 and close at its highest for over two months. A strong start on Wall Street got the afternoon session off to a good start, with buyers staying interested right to the end of the trading day. Rolls-Royce was best performer, on the back of the orders placed at t

Read more
22 Jul 2010 16:00

UK SMALLCAP ROUNDUP: Intandem Films Eyes Distribution Market

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps INTANDEM FILMS PLC (IFM.LN), a film production company, Thursday said it is eyeing a move in to the distribution market and could make its first inroads

Read more
22 Jul 2010 14:28

London afternoon: Advance stalls

Shares moved sideways over the lunch-time session with investors keeping their powder dry ahead of day two of US Federal Reserve Chairman Ben Bernanke's testimony in the US Senate. Yesterday the Fed chairman's downbeat comments stopped a Wall Street rise in its tracks. Outsourcing giant Capita is s

Read more
22 Jul 2010 12:30

UK SMALLCAP ROUNDUP: Intl Personal Finance Eyes Bond Issue

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps INTERNATIONAL PERSONAL FINANCE PLC (IPF.LN), a door-to-door lender, hopes to raise between EUR200 million and EUR300 million on the public bond market in

Read more
22 Jul 2010 12:11

London midday: Morning ends on a high

Better than expected UK retail sales gave equities a mid-morning boost and the FTSE 100 index finished the morning session close to its highest point of the day so far. Britons building up supplies for last month's World Cup, the good weather and further discounting had retail sales up smartly in J

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.