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    MED - Merlin Diamonds Announces $10m Placement

    Merlin Diamonds announced that it has received applications from sophisticated investors for 100m FPO shares at an issue price of $0.10 per share raising $10m. The payment of the subscription price will be received in tranches prior to 28 November 2013 and shares will be allotted progressively as the funds are received. The issue of these shares is pursuant to the shareholder approval received at the general meeting held on 28 August 2013.

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