Brief: Botswana Diamonds Says Co Unable To Secure A New JV Partner To Buy Ghaghoo Mine

Botswana Minerals

11/05/2022 08:00

May 11 (Reuters) - Botswana Diamonds PLC  BODP.L :
    * BOTSWANA DIAMONDS  - GHAGHOO MINE UPDATE
    * BOTSWANA DIAMONDS PLC - HAS BEEN UNABLE TO SECURE A NEW
JOINT
VENTURE PARTNER TO ACQUIRE GHAGHOO MINE BEFORE EXTENDED
LONG-STOP DATE OF 10 MAY
    * BOTSWANA DIAMONDS PLC - AGREEMENT WITH GEM DIAMONDS FOR
SALE OF
ITS WHOLLY OWNED SUBSIDIARY OF GEM DIAMONDS BOTSWANA HAS
THEREFORE NOW LAPSED
    * BOTSWANA DIAMONDS PLC - BOD IS CONTINUING ITS DISCUSSIONS
WITH
POTENTIAL JOINT VENTURE PARTNERS.
    * BOTSWANA DIAMONDS: GEM DIAMONDS INDICATED WILLINGNESS TO
RE-ENGAGE ON SUBSTANTIALLY SAME TERMS AS AGREEMENT IF BOD AND A
PARTNER CAN FINALISE DEAL

Source text for Eikon:  ID:nRSK0041La 
Further company coverage:  BODP.L 

 ((Reuters.Briefs@thomsonreuters.com;))