Petra executes MoU to sell stake in Williamson Diamonds to Caspian
LSE-listed diamond miner Petra Diamonds has executed a nonbinding memorandum of understanding (MoU) to sell 50% (less one share) of the entity that holds Petra’s shareholding in Williamson Diamonds Limited (WDL) to Caspian for $15-million.
This is in addition to a pro rata portion of shareholder loans owed by WDL.