By Marisa Wong
Milwaukee, March 15 - Namakwa Diamonds Ltd. announced that Satya Capital has subscribed for new ordinary shares in the company valued at about £2.09 million.
Satya has subscribed for a total of 5,981,905 new ordinary shares at 35p per share.
The new shares are expected to be admitted to the London Stock Exchange on or around March 18.
Namakwa is a Johannesburg-based diamond mining company with interests across southern Africa.
Satya is a London-based African investment firm.
| Issuer: | Namakwa Diamonds Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | £2.09 million (approximate)
|
| Shares: | 5,981,905
|
| Price: | 35p
|
| Warrants: | No
|
| Investor: | Satya Capital
|
| Announcement date: | March 15
|
| Stock symbol: | London: NAD
|
| Stock price: | 32.75p
|
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