Business
Final Results & Notice of AGM
Final Results & Notice of AGM.
About this update from Karelian Diamond Resources Plc
[{"type":"text","content":"\n \n29 November 2017\n\nKarelian Diamond Resources Plc\n\n(“KDR†or the “Companyâ€)\n\nFinal results for the year ended 31 May 2017, capital reorganisation and notice of annual general meeting\n\nA Year of Great Success in the Field\n\nKarelian (AIM: KDR, ESM: KDRI), the diamond exploration company focused on Finland, announces its results for the year ended 31 May 2017. The year was one of great success in the exploration field, including the discovery of a diamond in till in the Kuhmo region of Finland.\n\nHighlights:\n\n· Rare diamond discovery in till sample from Kuhmo region\n\n· Kimberlite body discovered at Riihivaara\n\n· Preliminary Economic Assessment for Lahtojoki Diamond Deposit\n\n o Non JORC estimate of 2,225,000 carats indicated, recovery of 95% estimated\n\n· Lahtojoki Diamond mining permit and data transferred to Karelian\n\n· Additional diamond resource potential in the Lahtojki area adds to financial attractiveness\n\nIn addition, the Company announces a proposed capital reorganisation, further details of which are set out in below.\n\nThe annual general meeting will be held at the Conrad Dublin, Earlsfort Terrace, Dublin 2 on Thursday 21 December 2017 at 12 noon.\n\nProfessor Richard Conroy, Chairman, stated:\n\n“As a matter of priority your Company is now engaged in an exploration programme to discover the source of the diamond. We have a combined diamond exploration and development programme in place as we look to develop the Lahtojoki diamond deposit, which has the potential to become the first diamond mine in Europe (outside Russia), improve our knowledge of the Riihivaara pipe and to identify the source of the diamond.â€\n\nFurther Information:\n\n\n\nProfessor Richard Conroy, Chairman, Karelian Diamond Resources plc\n Tel: +353-1-4796180\n\n\n\nVirginia Bull / Nick Harriss/ James Thomas, Allenby Capital Limited (Nomad)\n Tel: +44-20-33285656\n\n\n\nJon Belliss / Elliot Hance, Beaufort Securities Plc (Broker)\n Tel: +44-20-7382-8300\n\n\n\nMichael...