Burgundy Diamond Mines Limited agreed to acquire Dominion Diamond Mines ULC and Arctic Canadian Diamond Marketing NV from Arctic Canadian Diamond Holding, LLC.

Burgundy Diamond Mines Limited (ASX:BDM) agreed to acquire Dominion Diamond Mines ULC and Arctic Canadian Diamond Marketing NV from Arctic Canadian Diamond Holding, LLC on May 24, 2023. Burgundy Diamond Mines completed the bookbuild in relation to a conditional placement to raise $150 million for this acquisition. The transaction is expected to complete on July 1, 2023.