Karelian Diamond Resources plc has raised a total gross £323,075 via a 37.5% discounted placing and subscription to a total 43,076,667 new ordinary shares each at 0.75 pence. USES The placing for 34,066,667 ordinary shares of €0.00025 each, raised £255,500 while the subscription for 9,010,000 ordinary shares at the issue price raised £67,575. Each placing […]
Tag: Kuhmo region – Finland
Karelian extends Kuhmo diamond licences
Karelian Diamond Resources plc has extended its diamond exploration licences over the areas targeted by the upcoming campaign in the Kuhmo region of Eastern Finland. PROVINCE The company was granted a new reservation of Kuumu 1 at the Lentiira in northern Kuhmo, 30 km to the north of the green diamond discovery, with one year […]
Karelian identifies possible green diamond source
Karelian Diamond Resources plc said it had identified two anomalies possibly representing the kimberlitic source of the green diamond in the Kuhmo region of eastern Finland. TARGET The findings are from data based on a semi-airborne unmanned aerial vehicle (UAV) detailed electromagnetic survey over the green diamond target area. The diatreme-shaped anomalies, that could also […]
Karelian completes Kuhmo follow-up excavation
Karelian Diamond Resources plc has completed follow-up excavation up-ice of the green diamond previously discovered in the Kuhmo region of Finland. TARGETS Karelian said that the thickness of the glacial till cover increased up-ice to the northwest towards a swampy area, accessible to an excavator only when the ground is frozen. “The indicator mineral train […]
Karelian raises £329,000 via discounted placing
Karelian Diamond Resources plc has raised £328,747 through a 38.8% discounted placing. USES The placing comprised 21,916,479 ordinary shares of €0.00025 each, at 1.5 pence perordinary share. Certain parties also capitalised amounts owed to them totalling £25,252.75 by the issue of 1,683,516 new ordinary shares at the issue price. Each placing share and investment share […]
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 […]