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Nabarro advises Kimcor Diamonds on reverse takeover
2 October 2007
Nabarro has advised KimCor Diamonds PLC on the reverse takeover of Dwyka Diamonds Limited and re-admission to AIM of the entire ordinary share capital of KimCor Diamonds Limited.
KimCor Diamonds is a diamond mining company that aims to evaluate, discover and acquire hard rock and alluvial diamond resources in Southern Africa. Dwyka Diamonds explores for and produces diamonds in South Africa and Tanzania, and is part of Dwyka Resources Limited.
Nabarro acted for KimCor Diamonds in relation to the flotation of the company in 2006. It was a multi-jurisdictional deal with Dwyka Diamonds having Mauritian, Tanzanian and South African subsidiaries, and the seller, Dwyka Diamonds Limited, being a dual-listed Australian company listed on ASX and AIM.
The team at Nabarro who advised KimCor Diamonds was led by corporate partners Glyn Taylor and Clare Grayston, assisted by Kate Grayling and Sarah Curnow. Strand Partners Limited was the nominated adviser and broker. Joelson Wilson advised Dwyka Diamonds and Denton Wilde Sapte advised Strand Partners.
Glyn Taylor, corporate partner, said:
“We acted for KimCor when they originally floated in 2006 and we are delighted to be working with them again. AIM is proving a popular market for international mining companies.”
If you would like any further information or have any queries please contact:
Charlotte Tandy
Lansons Communications
T +44 (0)20 7566 9706
charlottet@lansons.com
or
Glyn Taylor
Partner
Nabarro
T +44 (0)20 7524 6357
g.taylor@nabarro.com
