From 20/012014 release:

Finland-focused Karelian Diamond Resources has been granted the first two of four exploration claim reservations in the Kuuusamo region by TUKES, the Finnish mining authority.

The decision to apply for the reservations was based on analysis of airborne geophysics together with till sampling and integration of data made available to Karelian under its agreement with Rio Tinto Mining and Exploration.

In both areas, kimberlitic indicator minerals were recovered in till samples and further studies, including microprobe analysis, showed the presence of diamondiferous kimberlitic indicator minerals.

Kuusamo is located in the north-east of Finland just south of the Arctic Circle and is bordered to the east by Russia.

A claim reservation gives exclusive rights to apply for exploration claims within the reservation area.

Chairman Professor Richard Conroy said: "We are delighted to have been granted these claim reservations in an area of Finland which we believe to be highly prospective for diamonds. Following the recent successful fundraising, the company will now proceed with its exploration programme in the area"



Highly speculative (dyor) but if they get a big find then the skys' the limit !

I'm already up 45% in the last few weeks since I bought in

Anyone else in ?

Panto Timing perfect.

A late movement apart from the up and down of the last few days once did find the bottom for the last 4 days

Had a check earlier but it was a marked up with not much buying and some selling also

late on the day had to pay 2.60p, as the size offering was small

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Good late move!

The usual double bottom has happend today and that point buyers were back for more stock I did the same and bought some more at 2.40p

Private Placing to raise £725,000 and Debt Conversion of £430,038

* Placing of 32,222,222 new ordinary shares at 2.25 pence per share to raise
£725,000 before expenses

* Conversion of accrued directors fees and salaries amounting to £430,038 by
directors of the Company at 2.25 pence per share

* Proceeds of the placing to be applied to implement and expand ongoing
programmes at its various diamond prospects in Finland
_________________________________________________________________________

Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI), the diamond
exploration company focussed on Finland, announces that it has conditionally
raised £725,000, before expenses, through a placing ("the Placing") of
32,222,222 Ordinary shares ("Placing Shares") of EUR0.01 in the capital of the
Company ("Ordinary Shares"). The Placing Shares have been placed at a price of
2.25 pence per Placing Share ("the Placing Price").

The Placing Shares were placed with retail investors by Hume Capital Securities
Plc ("Hume"). The Placing is conditional, inter alia, on admission of the
Placing Shares to trading on AIM and the Enterprise Securities Market ("ESM")
operated by the Irish Stock Exchange Limited. The New Shares will rank pari
passu with the existing issued ordinary shares of EUR 0.01 in the capital of
the Company ("Ordinary Shares").

The Company intends to use the net proceeds of the Placing primarily to
implement and expand the Company's ongoing programmes at its various diamond
prospects in Finland and for working capital generally.

In addition, Professor Richard Conroy, Séamus FitzPatrick, Maureen Jones and
James P. Jones, directors of Karelian (the "Directors") have today converted,
in aggregate, £430,038 of accrued salaries and fees into 19,112,804 Ordinary
Shares at 2.25 pence per share ("Conversion Shares") as follows.

Director Amount No. of new Resultant Percentage
converted Ordinary shareholding interest in the
Shares enlarged issued
share capital

Professor Conroy £190,113 8,449,467 *76,806,168 26.81

Maureen Jones £134,663 5,985,039 6,110,875 2.13

James Jones £84,522 3,756,538 3,814,873 1.33

Séamus FitzPatrick £20,740 921,760 922,246 0.32

*Includes 30,815,030 held by Conroy Plc, a company in which Professor Conroy
has a controlling interest

The Directors' participation is a related party transaction under the AIM
Rules. The independent directors of Karelian, having consulted with the
Company's nominated adviser and ESM adviser, consider the terms of the debt
capitalisation to be fair and reasonable insofar as the Shareholders are
concerned.

After being on the floor for some time after the placing ( nothing unsual ) today ther is live on the shares with volume over the normal since yesterday

there was profit taking but buyers are back at the moment

spread 2.35 v 2.60p
Level 2
2 v 1