Archangel to raise $170M
by Jo Black
Archangel Diamond Corporation has priced a private placement offering for the issuance from treasury of 136,000,000 subscription receipts (the “Subscription Receipts”) at a price of US$1.25 per Subscription Receipt for gross proceeds to Archangel of US$170 million (the “Private Placement Offering”). As previously announced, Archangel engaged Canaccord Capital Corporation and RBC Capital Markets (jointly, the [...]
Vaaldiam updates on Candle Lake
by Jo Black
Harry Winston Diamond Corporation reported first quarter results for the period ending April 30, 2008. The Company recorded an increase in consolidated sales for the quarter of 10%, generating an 18% increase in gross margin and a 10% increase in consolidated earnings from operations compared to the results of the first quarter of the prior [...]
BRC DiamondCore’s third tender sale
by Jo Black
BRC DiamondCore Ltd. announces the results of its third tender sale for diamonds from its Paardeberg East kimberlite and Silverstreams alluvial trial mining projects in South Africa’s Northern Cape Province.
Highlights:
1,909.19 carats in total were sold for US$2,492,715.
A 77.34 carat stone recovered from a Silverstreams high terrace channel trench, where bulk sampling has been [...]
Movado announces 1Q results
by Jo Black
Movado Group, Inc. announced first quarter results for the period ended April 30, 2008.
Net sales in the first quarter of fiscal 2009 were $101.4 million. Fiscal 2008 first quarter net sales of $101.4 million included $2.7 million of sales of excess discontinued product. Excluding the sales of discontinued product, net sales increased 2.7% from last [...]
Grizzly updates BC exploration
by Jo Black
Grizzly Diamonds Ltd. provides the following property and exploration update for a number of its 100% owned British Columbia precious and base metal properties.
Grizzly has signed an amendment to the option agreement dated March 1, 2008 with Mineworks Ventures Inc. (Mineworks), a private B.C. based company at ‘arms length’ to Grizzly, to acquire 100% mineral [...]
OGI launches OGI X-RAY
by Jo Black
OGI SYSTEMS Ltd. the World’s leading company in technological solutions for the diamond industry, is proud to announce its biggest inauguration advances of its revolutionary developments and inventions, that will be presented to the public during the JCK Vegas Show 2008.
These revolutionary developments are the landmark in the technological field of the Polish and [...]
Rockwell’s fiscal 2008 results
by Jo Black
Rockwell Diamonds Inc. announces financial results for the nine months ending February 29, 2008(1). Dollar amounts are in Canadian currency unless otherwise indicated.
(1) During the year, the Company changed its fiscal year end from the end of May to the end of February. As a result the 2008 fiscal period is nine months.
Rockwell is positioned [...]
Cape signs agreement with KMG
by Jo Black
Cape Diamonds PLC has signed an agreement with KMG Diamond Resources Plc (KMG) to acquire the entire issued share capital of its operating subsidiary KMG Diamond Resources (Pty) Limited (KMG (SA)). KMG (SA) operates two mines located in the Kimberley area of South Africa, namely the Frank Smith Mine and the Loxton Dal Mine, the [...]
Mano closes private placement
by Jo Black
Mano, the TSX-V and AIM-listed exploration and development company focussed on gold, diamonds and iron ore in west Africa, has successfully completed a non-brokered private placement of a total of 20,000,000 new common shares (Placing Shares) and 20,000,000 warrants at a price of 10p per Placing Share with Severstal, which was previously announced on 23 [...]
Kopane appoints director
by Jo Black
Kopane Diamond announces the appointment of Mr Edward Marlow, aged 44 as a non-executive Director of the Company. Mr Marlow is currently Managing Director, Emerging Markets at HSBC Principal Investments.
The Company also announces that it has received notification that HSBC Principal Investments holds 19,700,000 Ordinary Shares of 5 pence each in the Company. This [...]
Finlay reports 1Q results
by Jo Black
Finlay Enterprises, Inc., a leading retailer of fine jewelry operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States, announced its financial results for the first quarter of fiscal 2008. Results from the prior year period ended May 5, 2007 exclude from continuing operations the results from [...]