Karelian Diamond Resources plc expects an August court judgement over compensation and the boundary of its diamond mine development at Lahtojoki in Kuopio Kaavi, Finland. Two farmers previously appealed against money owed to them as well as the site boundary. Karelian said that following the court hearing on 21 May, the Finnish Land Court announced […]
Tag: Karelian Diamond Resources plc
Karelian results indicate Kuhmo diamond potential
Karelian Diamond Resources plc said it had indications of the likely source of its green diamond discovery and the potential of the Kuhmo licence in Finland. DEEP MANTLE Electron microprobe analysis results of 60 Kimberlitic garnets, taken from till samples up-ice of the discovery, point to the presence of a “diamond stability field”. The presence […]
Karelian to finalise diamond mine compensation
Karelian Diamond Resources plc expects to finalise two landowners’ compensation appeals relating to the development of a diamond mine at Lahtojoki in Kuopio Kaavi, Finland. CONCESSION The Finnish Land Court has set the date for 21 May in Kaavi, when it will also complete appeals on the mine boundary. The Finnish mining authority TUKES, approved […]
Karelian’s major investor increases holdings
Karelian Diamond Resources plc reported shareholder Steven Coomber has increased his holdings in the company. As at 2 January 2024, he held 8,408,813 ordinary shares of €0.00025 each, equivalent to 8% of the current issued share capital and voting rights of the company. On 4 December 2023, Mr Coomber held 8,313,133 shares of €0.00025 each […]
Karelian swings to a loss in ‘significant’ year
Karelian Diamond Resources plc swung to a loss during the last financial year at its projects in East Finland and Northern Ireland. EXPENDITURE The company is exploring for diamonds on the Lahtojoki deposit in the Kuopio – Kaavi region and in the Kuhmo region as well as for nickel, copper and platinum group elements in […]
Karelian raises £250,000 via 33% discounted placing
Karelian Diamond Resources plc has raised £250,000 via a discounted placing of 10 million ordinary shares each of €0.00025, at a price of 2.5 pence per ordinary share. DIRECTORS’ DEALINGS The fundraise was at 2.5 pence per ordinary share, representing a discount of 33.3% to the closing mid-market price of 3.75 pence on 19 October […]