AIM-quoted exploration company Karelian Diamonds conditionally raised £500,000 on Monday by virtue of a placing and subscription of 11.11m new ordinary shares in the company's capital at 4.5p each.
Karelian Diamond Resources, the diamond exploration company focused on Finland, stressed its priority of underground source of a rare diamond discovered in a till exploration sample, as it plans to consolidate its shares.
Karelian Diamond Resources was granted a diamond exploration permit in the Kuhmo region of Finland by The Finnish Mining Authority, the company announced on Friday.
Karelian Diamond Resources announced on Monday that it has received results for 22 samples from the ODM Laboratory showing "high concentrations" of kimberlite indicator minerals.
Karelian Diamond Resources announced a 100 metre extension to the North West of the Riihivaara kimberlite body on Thursday.
Karelian Diamond Resources announced on Wednesday that it has received a technical report by the Geological Survey of Finland (GTK) on its diamond discovery in Eastern Finland that was announced on 31 January.
Finland-focused diamond exploration company Karelian Diamond Resources announced on Thursday that it has received further results and a report from the Geological Survey of Finland on the kimberlite boulder discovery made 2.5km south west of the Lahtojoki Diamond Deposit, which shows that the boulder is derived from an undiscovered kimberlite.
Diamond exploration company Karelian announced its results for the year to 31 May on Thursday, a year in which the board said "highly encouraging progress" was made towards achieving its objective to discover, or acquire, and develop diamond deposits in Finland.
Finland-focused diamond exploration company Karelian Diamond Resources announced on Wednesday that it has received results and a report from the Geological Survey of Finland, commissioned by the company on a Kimberlite boulder discovery to the south west of the its Lahtojoki diamond deposit.
Finland-focussed diamond exploration company Karelian Diamond Resources announced on Wednesday that the diamond mining permit for the recently-acquired Lahtojoki project has been formally transferred from A&G Mining Oy, along with all of the claim reports and additional technical material.
Karelian Diamond Resources has agreed to acquire a diamond mining permit over the Lahtojoki project in Finland, which it predicts can become a profitable low strip ratio open pit diamond mine.
AIM-listed Karelian Diamond Resources has confirmed media speculation that it is pulling out of plans to mine for diamonds in northern Finland.
AIM-listed explorer Karelian Diamond Resources has unearthed a potential high-grade diamond source near Finland's border with Russia.
Finland-focused explorer Karelian Diamond Resources has unearthed highly prospective minerals from its Riihivaara target, indicating a diamondiferous source nearby.
Karelian Diamond Resources, an AIM-listed diamond exploration company focused on Finland, has completed an extensive till sampling programme on three of its diamond target regions in Finland - Kuhmo, Kuusamo and Kuopio-Kaavi.
Explorer Karelian Diamond Resources said it had raised 550,000 pounds to develop its diamond assets in Finland, boosting its shares.
AIM-listed explorer Karelian Diamond Resources knocked the wind out of its recently surging shares as it announced plans to raise cash at discount to its newly inflated share price.