Botswana Diamonds chairman increases stake to over 9%
Entrepreneur John Teeling has increased his holding in Botswana Diamonds – the Southern and Central Africa focused diamond and precious metal exploration company. Teeling, who is the Chairman of Botswana Diamonds, acquired 1,000,000 shares (1%) yesterday at a price of 5p. The thinly-traded stock was trading on AIM in London at a fraction over 5p, down from a record high of 8p hit in May.
This takes his holding in the company to 9,494,320 (9.44%). Botswana Diamonds, which listed on the AIM in February of this year, emerged from the takeover of African Diamonds by Lucara, part of the Lundin Mining group. Botswana Diamonds has interests in Botswana and Cameroon.