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DMC - DiamondCorp Plc - Corporate and financial update and withdrawal of

Release Date: 14/10/2009 07:05
Code(s): DMC
Wrap Text

DMC - DiamondCorp Plc - Corporate and financial update and withdrawal of cautionary announcement DiamondCorp Plc JSE share code: DMC & AIM share code: DCP ISIN: GB00B183ZC46 (Incorporated in England and Wales) (Registration number 05400982) (SA company registration number 2007/031444/10) ("DiamondCorp" or "the Company") CORPORATE AND FINANCIAL UPDATE AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Further to the Company`s interim financial statements released on 30 September 2009 the Company announces that it has been able to allocate existing cash resources to fund the interest payment due on 14 October 2009. Further, the Company advises that it is no longer in discussions with respect to a possible offer for the entire issued share capital of the Company.Accordingly caution is no longer required to be exercised by shareholders when dealing in their securities The Company is now progressing with plans for a fund raising to finance planned operational expenditure and to provide working capital. An update will be provided to shareholders in due course. 14 October 2009 Paul Loudon, DiamondCorp plc +44 20 7256 2651 Joe Nally/ Ivonne Cantu/ Liz Bowman, Cenkos Securities plc +44 20 7397 8900 Robert Smith/Tanis Crosby, Investec Bank Limited +27 11 286 7662 14 October 2009 London Sponsor: Investec Bank Limited For further information, please contact: Paul Loudon DiamondCorp plc +44 20 7256 2651 Joe Nally/Liz Bowman Cenkos Securities plc +44 20 7397 8900 Robert Smith/Tanis Crosby Investec Bank Limited +27 11 286 7662 Charmane Russell Russell & Associates +27 11 880 3924 Date: 14/10/2009 07:05:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.