CAPITAL MARKETS

Crown seals Helam acquisition

CROWN Diamonds' forecast annual production has been boosted to 300,000 carats by 2006 after it finalised the acquisition of the Helam diamond mine in South Africa for US$8.75 million.

Rebecca Keenan
Crown seals Helam acquisition

Crown will pay US$4.5 million in cash and issue 33.7 million shares at 18c to Carminda, the vendors of Helam. Carminda will also be entitled to a share in profits for the Helam operation of US$750,000,...

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