Dual-listed Botswana Diamonds has announced that all conditions precedent for the acquisition of Sekaka Diamonds have been satisfied.

The transaction, first announced in July, has been approved by Petra’s lenders and noteholders, as well as by the Botswana Minister of Mineral Resources, Green Technology and Energy Security.

Sekaka was Petra’s exploration vehicle in Botswana and holds three prospecting licences in the Central Kalahari Game Reserve – PL169/2019, PL058/2007 and PL224/2007 – which include the high-grade KX36 kimberlite pipe.