16 Apr 2010 14:09
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
16 April 2010
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Director's Dealing
Stellar, the London listed (AIM:STEL) diamond mining and exploration company focused on West Africa, announces that on the 16th April 2010 the following Directors acquired further shares in the company as follows:-
| Director | Shares purchased | Price per ordinary share | Resultant holding | Percentage of issued share capital |
| Lord Peter Daresbury | 22,980 | 14p | 2,650,459 | 2.74% |
| Karl Smithson | 22,982 | 14p | 515,757 | 0.53% |
| Steven Poulton | 22,980 | 14p | 286,601 | 0.30% |
These shares were acquired at the market price from the existing issued share capital.
For further information please contact the following or visit the company's website at www.stellar-diamonds.com
Stellar Diamonds plc
Karl Smithson, Chief Executive Tel: +44 (0) 7783 707971
RBC Capital Markets
Martin Eales / Daniel Conti Tel:+44 (0) 20 7653 4000
Astaire Securities
Jerry Keen / Charles Vaughan Tel:+44 (0) 20 7448 4400
Pelham Bell Pottinger
Charles Vivian / James MacFarlane Tel:+44 (0) 20 7337 1500
About Stellar Diamonds plc
Stellar Diamonds plc is London (AIM: STEL) quoted diamond mining and exploration company that has a portfolio of projects in West Africa. Two projects in Guinea are in production, Mandala and Bomboko, which provide cash flow to the Company.
Stellar also owns rights over four high-grade kimberlites that are the focus of further development. In Sierra Leone the Tongo and Kono projects comprise a series of kimberlite dykes, with the Kono project having produced 4,200 carats of diamonds through underground trial mining with Joint Venture partner Petra Diamonds. In Guinea the Droujba kimberlite pipe and the Bouro kimberlite dykes are located in proximity to the Mandala mine and demonstrate grades of up to 200cpht and 500cpht respectively.
Forward-looking Statements
This press release includes certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the future plans and objectives of Stellar, are forward-looking statements that involve various known and unknown risks and uncertainties as well as other factors. Such forward-looking statements are subject to a number of risks and uncertainties that may cause actual results or events to differ materially from current expectations, including delays in obtaining or failure to obtain required regulatory approvals. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Any forward-looking statements speak only as of the date hereof and, except as may be required by applicable law, Stellar disclaim any obligation to update or modify such forward-looking statements, either as a result of new information, future events or for any other reason.