"The deal would involve BHP Billiton and Antwerp diamond dealers pumping more than $10 million into Gravity, which would become the vehicle for the listing of Diamond Mines of Australia, owned 60 per cent by Gravity, 6.1 per cent by BHP Billiton and 53.9 per cent by European investors".
This is an extremely healthy alliance for GRN. Effectively funded by BHP on the condition that BHP maintain buy-back options on what strike interests them. Meanwhile GRN has access to (with minimal financial exposure) to some of the best diamond provinces both locally and abroad.
A bright future lies ahead.
GRN
gravity diamonds limited
