Memery Crystal acts for Petra Diamonds on Rights Issue to raise US$178 million

The Memery Crystal team was led by client partner Lesley Gregory and included a corporate team consisting of Kieran Stone, Mark O’Donnell, Melanie Talbot, Karl Williams and Danny Rosley.

Lesley Gregory, Chairman, commented: ‘We are delighted to have assisted Petra on this Rights Issue. As always; it has been a pleasure to continue our work with Petra over the years, including advising on their move from AIM to the Main Market in 2011.’

Notes to editors:

Memery Crystal is a recognised leader for its natural resources corporate finance work, covering M&A, private equity and IPO/fundraising for UK and international companies. The firm is ranked among the upper tier of law firms for its flotations experience by both Chambers and The Legal 500.

Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market. The Company has a diversified portfolio incorporating interests in five producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Ekapa Mining joint venture (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson).  It also maintains an exploration programme in Botswana and South Africa.