Petra Diamonds announces $25 million rights issue, sets SGM date
PositiveFinancial Markets

Petra Diamonds has announced a $25 million rights issue, which is a significant move for the company as it seeks to strengthen its financial position. This decision comes ahead of a Special General Meeting (SGM) where shareholders will discuss the proposal. The rights issue is expected to provide the necessary capital for Petra to invest in its operations and enhance its growth prospects, making it an important development for investors and stakeholders in the diamond industry.
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