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10 January 2013
NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IF TO DO SO WOULD CONSTITUTE A VIOLATION OF THE LAWS OF SUCH JURISDICTION
JSE share code: DMC & AIM share code: DCP
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp", or "the Company")
Directors' Dealings, Issue of Equity and Granting of Options
Issue of Equity
DiamondCorp, the Southern African diamond development and exploration company, announces that on 9 January 2013 it issued a total of 4,500,000 new ordinary shares of 3 pence each in the Company to a director and certain employees of the Company. The new ordinary shares have been issued in lieu of bonus payments awarded by the Company on the successful completion of the arrangement of the project financing to fund the development of the Lace Mine. The new ordinary shares were issued at a price of 5.0 pence per share, being the volume weighted average price of the ordinary shares for the 10 trading days immediately prior to the issue of the new ordinary shares.
Application has been made to the London Stock Exchange and the JSE for the new ordinary shares to be admitted to trading on AIM and AltX ("Admission"). It is expected that Admission will become effective and that trading in the new ordinary shares will commence on AIM and AltX on or around 16 January 2013. The new ordinary shares will rank pari passu with the Company's existing issued ordinary shares.
Following the issue of the new ordinary shares there is a total of 275,339,478 ordinary shares of 3 pence each in the capital of the Company.
Pursuant to the issue of equity as described above, Paul Loudon, Chief Executive Officer has been awarded 2,000,000 new ordinary shares and is now interested in a total of 5,138,052 ordinary shares in the Company, which represents approximately 1.87% of the issued share capital of the Company.
Granting of Options
Furthermore, on 9 January 2013 the Company granted options over 2,000,000 ordinary shares of 3 pence each in the Company (the "Options") to Euan Worthington, Executive Chairman. The Options are exercisable at a price of 5.0 pence per share, will vest immediately and shall expire on the fifth anniversary of the date the options were granted.
Euan Worthington, Chairman
Tel: +44 1962 760 266
Paul Loudon, Chief Executive
Tel: +44 20 3151 0970
SP Angel Corporate Finance LLP
AIM Nomad and Broker
Ewan Leggat/Laura Littley
Tel: +44 20 3463 2260
Ocean Equities Limited
Tel: +44 207 786 4370
PSG Capital (Pty) Limited
Tel: +27 21 887 9602
Russell & Associates
Charmane Russell/Marion Brower
Tel: +27 11 880 3924
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