2 Feb 2018 07:51
2 February 2018
BlueRock Diamonds PLC
("BlueRock" or the "Company" or "BRD")
Update on claims by a former director to the Company
BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa announces that, further to the Company's announcement of 23 February 2017 relating to certain claims made by the Company's former CEO, Riaan Visser, the Company has received notice that Mr. Visser, and certain companies controlled by him, intend to apply to place the Company's operating subsidiary, Kareevlei Mining (Pty) Ltd in provisional liquidation.
As previously noted, the Company has taken legal advice and remains of the view that based on currently available information the claims are without merit. No material new information has been provided by Mr. Visser at this stage. Accordingly, the Company intends to vigorously defend itself in this matter.
Further updates will be provided as appropriate.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information, please contact:
BlueRock Diamonds plc
Adam Waugh, CEO
awaugh@bluerockdiamonds.co.uk
David Facey, FD
dfacey@bluerockdiamonds.co.uk
SP Angel (NOMAD and Broker)
Stuart Gledhill / Lindsay Mair/Caroline Rowe
+44 (0)20 3470 0470
Yellow Jersey (PR and IR)
Georgia Colkin / Joe Burgess / Katie Bairsto
+44 (0) 7769 325254
About BlueRock Diamonds plc (AIM: BRD)
BlueRock is a diamond mining company with activities in the Kimberley region of South Africa. BlueRock own a diamond processing plant and the mining right over the Kareevlei Tenements in South Africa.