StockMarketWire.com - Firestone Diamonds (FDI) has announced that Tango Mining has informed the Company that it has not been able to pay US$0.3 million into escrow as a deposit for the acquisition of FDI's Botswana operations by 30 September 2015 as stipulated in the conditional sale agreement.

Accordingly, Tango Mining has now formally requested an extension to the previously disclosed timetable, in order to complete their fundraising activities in relation to the consideration still due, being US$7.65 million, and Firestone is currently in discussions with Tango Mining to consider its request.

Firestone said will update the market when the parties have reached agreement on the revised terms and timelines or if discussions with Tango Mining are terminated.




At 1:16pm: [LON:FDI] Firestone Diamonds PLC share price was -0.25p at 23.5p



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