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Petra makes Kalahari move

PETRA Diamonds appetite for growth is continuing with the company looking to swallow explorer Kalahari Diamonds in a share-for-share transaction that values the latter at $US21.9 million.

Ben Sharples
Petra makes Kalahari move

Under the terms of the agreement Petra will issue almost 16.2 million shares (12.3% of Petra’s current issued share capital) to Kalahari Diamonds for the sale of its entire issued share capital. Kalahari...

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