StockMarketWire.com - BlueRock Diamonds (BRD) has raised GBP700k via the issue of 6,363,636 new ordinary shares of 1 pence each in the capital of the Company at a price of 11 pence per share.

The new shares have been issued to directors of the Company and to both new and existing shareholders.

BlueRock CEO Adam Waugh said, "We are delighted that our placing has been supported by both new and existing shareholders. The funds raised will enable us to continue the transformation of our mining activity at Kareevlei. We are at an early stage in the exploitation of our reserves and this funding will support the continued development of the known assets in our licence area.

I look forward to updating the market on our progress in due course."




At 12:00pm: [LON:BRD] Bluerock Diamonds Plc Ord 1p share price was -2.5p at 13.5p



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