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Lucara Diamonds terminates Paragon’s Mothae acquisition agreement

AIM-quoted diamond company Paragon Diamonds has received a notice of termination for its share purchase agreement with Lucara Diamonds for the acquisition of the Mothae kimberlite in Lesotho. The company maintains the view that the...

Temporary suspension of shares for Paragon Diamonds

The directors of Paragon Diamonds, the AIM-quoted diamond development company, have requested a temporary suspension in the trading of its shares with immediate effect (Monday afternoon) pending clarification of financial position. Paragon currently has limited...

Lucara Diamonds grants Paragon extension to complete acquisition funding

AIM-listed diamond developer Paragon Diamonds has been granted a time extension by Lucara Diamonds to complete raising the necessary funding (US$15 million) to acquire the Mothae kimberlite project in Lesotho. Paragon’s funding package is with...

Paragon Diamonds independent study at Mothae exceeds initial expectations

Lesotho - Paragon Diamonds, the AIM listed diamond company, has revealed that two independent studies carried on the Mothae kimberlite project which it is acquiring from Lucara Diamonds, have exceeded initial expectations. The MSA Group...

Paragon Diamonds enters into legally binding share purchase for Mothae asset

Lesotho - AIM-listed diamond developer Paragon Diamonds has taken another step forward in its acquisition of Lucara Diamonds' Mothae kimberlite resource in Lesotho - having officially entered into a legally binding share purchase agreement. Mothae is...

Paragon Diamonds’ debt funding enables Mothae acquisition to advance

Paragon Diamonds has raised £500 000 of unsecured debt financing for short-term working capital requirements while it progresses its acquisition of the Mothae diamond project in Lesotho from Lucara Diamonds. The proceeds of the AIM...

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