RTM reefton mining nl

diamonds

  1. 108 Posts.
    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.
 
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