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O'Keeffe's Burgundy Diamond in $45m capital raising


O’Keeffe’s Burgundy Diamond in $45m capital raising
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Michael O’Keeffe-backed diamonds play Bergundy Diamond Mines has kicked off a $45 million capital raising via stockbrokers Aitken Murray Capital Partners and Euroz Hartleys.
The brokers were seeking bids for 63 million new shares to raise $15.2 million in a single tranche placement, which would occur at the same time as the group raised $30 million via the sale of convertible notes.
Michael O’Keeffe, the former boss of Riversdale Mining, is Bergundy Diamond’s biggest shareholder and a director.  
Nic Walker
The placement was at 24¢ a share according to terms sent to investors on Thursday morning, which was a 7.7 per cent discount to the last close and a 7.9 per cent discount to the 30-day VWAP. ....

Nova Scotia , Michael Okeeffe , Euroz Hartleys , Michaelo Keeffe Backed , Bergundy Diamond Mines , Aitken Murray Capital Partners , Riversdale Mining , Bergundy Diamond , Ellendale Diamond Project , Western Australia , Champion Iron , நோவா ஸ்கோடியா , மைக்கேல் ஓக்கீப்பே , ஐட்கென் முர்ரே மூலதனம் கூட்டாளர்கள் , ரிவர்ஸ்டேல் சுரங்க , எல்லெண்டேல் வைரம் ப்ராஜெக்ட் , மேற்கு ஆஸ்திரேலியா , சாம்பியன் இரும்பு ,

New focus on old diamond mine: Ellendale to get new lease of life - Jeweller Magazine: Jewellery News and Trends


New focus on old diamond mine: Ellendale to get new lease of life
Posted July 07, 2021 | By Jeweller Staff
Burgundy Diamond Mines has announced that it aims to establish a new fancy colour diamond cutting and polishing facility in Western Australia as it takes control of the Ellendale Mine.
We will use this capability to maximise the value of our own future fancy colour diamond production and to pursue other business opportunities in this high-value segment
Peter Ravenscroft, Burgundy Diamond Mines
In a release to the Australian Securities Exchange (ASX), the company announced “it has advanced several recent arrangements that will facilitate its evolving strategy to grow into downstream operations in the high-value Fancy Colour Diamonds sector. ....

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