18 Dec 2018 14:59
18 December 2018
Firestone Diamonds plc
("Firestone" or the "Company")
Update on the Option Agreement in respect of Botswana operations
Further to the announcement on 24 May 2017, Amulet Diamond Corporation ("Amulet") has today confirmed they are not exercising the option to acquire Firestone's wholly owned subsidiary Firestone Diamonds (Botswana) (PTY) Limited ("Firestone Botswana") and its 90 per cent. interest in Monak Ventures (PTY) Limited ("Monak") (together the "Botswana Companies"), which hold Firestone's interests in Botswana. The Company remains however in active discussions with Amulet on the sale of these Botswana Companies.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
For more information please visit www.firestonediamonds.com or contact:
Firestone Diamonds plc | +44 (0)20 8741 7810 |
Paul Bosma Grant Ferriman
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Macquarie Capital (Europe) Limited (Nomad and Broker) | +44 (0)20 3037 2000 |
Nick Stamp Nicholas Harland
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Tavistock (Public and Investor Relations) | +44 (0)20 7920 3150 |
Jos Simson | |
Gareth Tredway Annabel de Morgan |
About Firestone
Firestone is an international diamond mining company with operations focused in Lesotho. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine in Lesotho. Lesotho is emerging as one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.