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Crown-Petra merger approved

A MERGER between WA-based Crown Diamonds and London-based Petra Diamonds has been approved by shareholders of both companies recently. The merger will create a new globally focused mid-tier diamond company, to be called Petra Diamonds, with producing diamond mines in South Africa and exploration assets in Angola and Sierra Leone. Petra listed on the Alternative Investment Market (AIM) in London in 1997, and has its registered office in South Africa.

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