Search

In Brief: Paramount explores options

PERTH-BASED diamond explorer, Paramount Mining Corporation Ltd, is set to launch a $40 million capital raising ahead of a new exploration float on the Johannesburg Stock Exchange in September this year. It is proposed that Paramount’s South African diamonds assets will be vended into the new IPO, while the company’s expanding diamond projects in Ghana are proposed to be vended into a listing and capital raising on London’s AIM markets by mid next year. Other capital raisings planned by June this year, including the proposed placement this month of 11 million ordinary shares, is expected to inject additional and sizeable capital into the company’s existing and prospective diamond exploration projects in Western Australia. Paramount chief executive Maureen Muggeridge said the moves represented a strategic restructure of the company’s operations, objectives, financial and operational capability.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

Share Transactions

06/04/16
$0 Issued
31/03/16
$0 Issued
31/03/16
$0 Other
Total value as at the date of the transaction
Source: Morningstar

BNiQ Disclaimer