- Karelian Diamonds said it had raised £0.24m through the issue of an unsecured convertible loan note to businessman Fredrik Bjornberg.

The company said that Bjornberg was a member of a prominent family in Finland with a range of business activities, in particular in the forestry and paper industry.

The proceeds would be applied for general working capital purposes and in particular to the development of the Lahtojoki diamond deposit.

At 3:06pm: [LON:KDR] Karelian Diamond Resources PLC share price was +0.9p at 2.7p

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