Looks like Zareba have acquired 5% of a diamond producing company on the Kunene River (Skeleton Coast area of Namibia). Is it possible this relates to RTM?
RNS Number:1962N Zareba PLC 08 June 2005
ZAREBA PLC
INVESTMENT IN NAMIBIAN DIAMOND MINER
Zareba PLC is pleased to announce that it has made its first investment in accordance with the strategy set out in its prospectus dated 8 February 2005.
This investment of Namibian Dollars 500,000 (#40,000) has secured an interest of 5% of the total issued capital of a company currently commencing diamond production in the Northern section of the Skeleton Coast area of Namibia. The concession to be mined is situated near the mouth of the Kunene River. The investment will be used to secure a second pan for separation of the diamonds from the alluvial deposits. Zareba has agreed to subscribe up to a further Namibian Dollars 1,500,000 on similar terms, should this be required.
RTM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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