LONDON, Nov 18 (Reuters) - Petra Diamonds Ltd:
* Option to increase ownership in cullinan to 74% and confirmation of placing
* Under option agreement, by December 18 December can acquire al rajhi's 37%
interest in cullinan
* Confirms intention to undertake an equity fundraising, led by canaccord adams
and rbc
* Enters option to increase ownership in cullinan mine to 74 percent
* Confirms its intention to undertake an equity fundraising
* Undertaking placing to exercise option, strengthen balance sheet, implement
development programmes
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Option to increase ownership in cullinan to 74% and confirmation of placing
* Under option agreement, by December 18 December can acquire al rajhi's 37%
interest in cullinan
* Confirms intention to undertake an equity fundraising, led by canaccord adams
and rbc
* Enters option to increase ownership in cullinan mine to 74 percent
* Confirms its intention to undertake an equity fundraising
* Undertaking placing to exercise option, strengthen balance sheet, implement
development programmes
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.