JOHANNESBURG (miningweekly.com) – Aim-listed Firestone Diamonds has again extended the date by which all conditions for the disposal of its Botswana operations to TSX-V-listed Tango Mining must be met to August 29.
The previous deadline was July 29.
Tango is still working on concluding a proposed $30-million loan commitment with US-based financial lender Vanderbilt Commercial.
If concluded, the funds will be used to satisfy the $8-million asset acquisition price and to provide capital to restart operations at the BK11 asset, in the Orapa kimberlite field, in Botswana.