Prospector raises another €600k

The Dublin-headquartered prospector Karelian Diamond Resources has conditionally raised another £550,000 (€600,000), via a share placing.

This takes the aggregate amount of funds raised by the company in the past month to £2m.

In December, AIM-listed Karelian — which focuses on diamond opportunities close to the Russian border in Finland — raised £700,000 through the placing of 46m shares.