Shares digital

River Diamonds (RVD:AIM) 4.75p

Shares have come out after suspension after the paperwork was sorted out to buy the Vatukoula gold mine in Fiji. Shares from a placing to raise £4.7 million will begin trading on 1 April, accounting for 34% of the enlarged share capital.

It plans to restart operations and bring the former producing mine back to full capacity by the second half of 2009. It has already started to treat some ore extracted last year.

The company has applied for a new licence to continue exploring its diamond project in Sierra Leone, but with gold now the primary focus, it is likely to change its corporate name to reflect the shift in strategy.