Sharenet Sites 
Sharenet Sites
Tiffany Loan and Diamond Offtake Agreement Signed
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", “the Group” or "the Company")
Tiffany Loan and Diamond Offtake Agreement Signed
DiamondCorp, the Southern African diamond development and exploration company, is pleased to
announce that it has signed binding legal agreements with Laurelton Diamonds, Inc., a wholly-owned
subsidiary of Tiffany & Co. (NYSE:TIF) for a term loan of US$6,000,000 (“the Loan”) in exchange for
an Offtake Agreement for diamond production from the Lace mine in the Free State province of South
Africa.
The terms of the Loan are unchanged from those announced on 16 November 2012. The finalisation
of the Loan allows the proceeds of the convertible bond issue (as announced on 17 December 2012)
to be released from escrow and completes the funding required for the 47 level block cave
development at Lace.
The Loan will be drawn down by DiamondCorp Holdings Limited, a wholly-owned subsidiary of the
Company, in two equal tranches on 10 January 2013 (“First Funding Date”) and 10 April 2013
(“Second Funding Date”). The Loan will bear annual interest at 9% and must be repaid in full by the
8th anniversary of the Second Funding Date. There will be no payments of interest or principal for the
first three years of the Loan, with interest accumulating during this period and added to the principal
amount to be amortised and repaid. The Loan can be repaid early in part or in full without penalty.
The Offtake Agreement will take effect from the First Funding Date until the end of the life of the mine.
Subject to any purchases by the South African State Diamond Trader, the Offtake Agreement will give
Laurelton Diamonds, Inc. the right to purchase, on commercial terms related to fair market value,
production from the Lace Mine which meets the quality and colour standards required to yield Tiffany
quality polished diamonds. Special stones and those diamonds which do not meet the Tiffany
standard will be excluded from the Offtake Agreement.
DiamondCorp's CEO, Paul Loudon said: “Signing of binding agreements with Tiffany finalises the
Lace funding package and allows underground development to commence this month and tailings
retreatment and diamond production to recommence by March.
We are very excited to have secured such a prestigious funding partner as Tiffany and our highly
experienced and committed mine development team are motivated and ready to start accessing the
13 million carats of diamonds available for recovery at Lace.”
Contact details:
DiamondCorp plc
Euan Worthington, Chairman
Tel: +44 1962 760 266
Paul Loudon, Chief Executive
Tel: +44 20 3151 0970
SP Angel Corporate Finance LLP
AIM Nomad and Broker
Ewan Leggat/Laura Littley
Tel: +44 20 3463 2260
Ocean Equities Limited
Guy Wilkes
Tel: +44 207 786 4370
PSG Capital (Pty) Limited
John-Paul Dicks
Tel: +27 21 887 9602
Russell & Associates
Charmane Russell/Marion Brower
Tel: +27 11 880 3924
7 January 2013
NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
OR ANY OTHER JURISDICTION IF TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
LAWS OF SUCH JURISDICTION
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