entitlements issue oversubscribed by 28pc

Bonaparte Diamond Mines NL (ASX code: BON) (“Bonaparte”) is pleased to announce that it has completed the previously announced Entitlements Issue of up to 32,875,001 ordinary shares at a price of AUD$0.07 per share (the “Offering”) for gross proceeds of approximately AUD$2,300,000.
The issue was very well supported and was 28% oversubscribed by existing shareholders. Final allotments are being processed today. Refund cheques for unsuccessful shortfall applications will be posted tomorrow.
Bonaparte intends to use the proceeds from the Issue to continue to fund its marine phosphate exploration, further advance both onshore and offshore diamond projects and for general working capital purposes.
For further information please contact
Michael W Woodborne