Golden Saint Resources Ltd, AIM-listed British firm with a solid portfolio of assets in the diamond sector in Sierra Leone, raised £170,000 through an offering of 680,000 new common shares at a unit price of 0.025 pence.

The net proceeds of this offering will serve to meet global needs in working capital, the firm said on November 24, valuing charges associated to the offering to £11,900 and setting first day of trading on November 30.

Meanwhile, the company is about to re-launch its bulk sampling program which was previously interrupted due to heavy rains in its Tongo licence.

Hence, it intends to soon provide all the necessary documentation for the renewal of its three exploration licences namely, Tongo, Baja and Moa due to respectively expire on 24 November 2015, 12 December 2015 and 27 January 2016.

Last July, Golden Saint Resources raised £250,000 pre-tax for its global needs in working capital, by offering 312.5 million common shares at a unit price of 0.08 pence.