Stellar Diamonds plc announces that in order to complete the proper disposal of the Guinea project assets, they have signed an extension of the exclusivity period with BDG Capital.
The current period extends to 31 August 2017, but may be further extended in order to complete the sale process. Due diligence is largely complete save for completion of the audit of one of Stellar’s Guinean subsidiary companies.
Coincident with the extension, a further US$250 000 is expected to be received by Stellar shortly from BDG bringing the total fee for the sale to US$500 000.