10 Oct 2011 11:14
Firestone Diamonds plc
Dealings by Directors/PDMR
LONDON: 10th October 2011
Firestone Diamonds plc, ("Firestone" or "the Company"), the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI), has today received notification that on 7th October 2011 the following Directors of Firestone Diamonds acquired shares in the Company.
Philip Kenny, Chairman of the Company, acquired 125,000 ordinary shares in the Company at a price of 13.5p. Following the transaction Mr Kenny is interested in a total of 838,806 ordinary shares in the Company representing 0.23 per cent. of the Company's issued share capital.
Tim Wilkes, Chief Executive Officer of the Company, acquired 100,000 ordinary shares in the Company at a price of 13.65p. Following the transaction Mr Wilkes is interested in a total of 250,000 ordinary shares in the Company, representing 0.07 per cent. of the Company's issued share capital.
For further information, visit the Company's web site at www.firestonediamonds.com or contact:
Philip Kenny, Chairman, Firestone Diamonds Tim Wilkes, CEO, Firestone Diamonds
| +44 20 8834 1028/+44 7831 324 645 +27 78 457 6623/+267 713 77686 |
Rory Scott, Mirabaud Securities (Nominated Broker)
| +44 20 7878 3360 |
Alexander Dewar, Brewin Dolphin (Nominated Adviser)
| +44 131 529 0276 |
Jos Simson / Emily Fenton, Tavistock Communications
| +44 20 7920 3150/+44 7899 870 450 |
Background information on Firestone Diamonds:
Firestone Diamonds plc is an international diamond mining and exploration company with operations focused on Lesotho and Botswana. Firestone operates the Liqhobong Mine in Lesotho and the BK11 Mine in Botswana. Firestone is also the largest holder of mineral rights in Botswana's diamondiferous kimberlite fields, controlling approximately 10,000 square kilometres around the major Orapa and Jwaneng mines and the entire Tsabong kimberlite field. In addition to Liqhobong and BK11, Firestone has 108 kimberlites in its portfolio, of which 30 have been proven to be diamondiferous.
Lesotho is emerging as one of Africa's significant new diamond producers, and hosts Gem Diamonds' Letseng Mine, Firestone's Liqhobong Mine as well as the Kao and Mothae development projects. Botswana is the world's largest and lowest cost producer of diamonds, with annual production worth over $2.5 billion, and is considered to be one of the most prospective countries in the world to explore for diamonds.