Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei diamond mine in Kimberley, South Africa, has conditionally raised gross proceeds of about £1.2-million in an oversubscribed placing and subscription of more than 3.5-million new ordinary shares. Three of the company’s directors have also participated in the placing, the net proceeds of which will be used to fast track growth plans at the mine and strengthen the company’s balance sheet.
