By Laura Lutz
Washington, Dec. 4 - Kimberley Diamond Co. raised A$25.5 million from a private placement of shares.
The company sold 30 million ordinary shares to professional and sophisticated investors at A$0.85 per share.
Argonaut Ltd. managed the placement.
Proceeds will be used for marketing and working capital.
Kimberley is a West Perth, Australia-based diamond producer.
Issuer: | Kimberley Diamond Co.
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Issue: | Shares
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Amount: | A$25.5 million
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Shares: | 30 million
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Price: | A$0.85
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Warrants: | No
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Agent: | Argonaut Ltd.
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Settlement date: | Dec. 4
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Stock symbol: | Australia: KIM
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Stock price: | A$0.825 at close Dec. 4
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