Mining News

Petra executes MoU to sell stake in Williamson Diamonds to Caspian

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LSE-listed diamond miner Petra Diamonds has executed a nonbinding memorandum of understanding (MoU) to sell 50% (less one share) of the entity that holds Petra’s shareholding in Williamson Diamonds Limited (WDL) to Caspian for $15-million.

This is in addition to a pro rata portion of shareholder loans owed by WDL.

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