19 Aug 2016 07:30
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES
19 August 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Potential Transaction
& Suspension of Trading on AIM
Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that the Company's ordinary shares will be suspended from trading on AIM with effect from 07.30 a.m. this morning pending announcement of a potential transaction ("Potential Transaction"), which, if completed, would be classified as a Reverse Takeover under the AIM Rules for Companies and would require the publication of an admission document and also be subject to shareholder approval. There is no guarantee that the Potential Transaction will be completed.
Accordingly, trading in the Company's shares on AIM will be suspended until either an admission document is published or the Company announces that the Potential Transaction will no longer be proceeding.
The Company intends to make a further announcement in respect of the Potential Transaction in due course.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
About Stellar Diamonds plc
Stellar is an AIM listed (AIM: STEL) West African focused diamond company with projects at the trial mining and mine development stages in Guinea and Sierra Leone.
** ENDS **
For further information contact the following or visit the Company's website at www.stellar-diamonds.com.
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