Paragon Diamonds May De-List From London Exchange On Dec. 29

Finance and Trade
26/12/2015 17:49

Paragon Diamonds' shares will likely be delisted since a conclusion about financing talks for operations in Lesotho is unlikely before the end of the year. The company said this means its shares will be delisted at 7am on Dec. 29 from the London Stock Exchange's Alternative Investment Market. Paragon said its directors had been working to finalize the required funding to bring its Lemphane kimberlite pipe project in Lesotho into production and to enable continued negotiation regarding acquiring a license to explore the Mothae kimberlite resource which is also in Lesotho.