Firestone to shed Botswana assets in $5.1m deal

May 24, 2017

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Aim-listed Firestone Diamonds has entered into a conditional option agreement to potentially sell its Botswana assets to Gareth Penny- and Diacore Diamond-led special purpose vehicle Amulet Diamond for $5.1-million in cash. The option, effective from June 1 for up to 14 months, included Firestone’s wholly owned subsidiary Firestone Diamonds Botswana, its interest in the BK11 mine and its 90% interest in Monak Ventures.

Category: General