19-Sep-08 - Diamond Database2 May 2018 14:26
African Consolidated Resources Plc
("ACR" or the "Company")
Acquisition of Diamond Database
African Consolidated Resources plc, the Zimbabwe focused mineral
exploration company is pleased to announce that it has acquired the
entire share capital of M Ltd, a private company whose principal
assets are a database related to diamonds together with a warehouse
of physical concentrate samples constituting the source of the
database. The database includes data related to suspected kimberlites
covering significant areas of Zimbabwe.
In consideration for the acquisition of M Ltd, the Company has issued
1,250,000 new ordinary shares of 1p each in the Company ('Shares').
The Shares issued are escrowed and cannot be sold for 12 months.
Application has been made to the AIM Market of the London Stock
Exchange ('AIM') for 1,250,000 Shares to be admitted to trading on
AIM ('Admission'). Admission is expected to occur at 8:00 a.m. on 25
September 2008.