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ASX-listed Burgundy Diamond Mines is set to buy the Ekati diamond mine in Canada for about A$200 million.
The Ekati diamond mine. Source: Arctic Canadian Diamond Company
Burgundy said it would raise US$150 million to fund the $136 million acquisition of Ekati, with the equity issue price still to be determined.
The sale follows Dominion filing for bankruptcy protection in April
Excellon to buy La Negra, partner with Orion
Misery Deep positive for Dominion
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