Majestic suspends registration date for Namakwa bid

MAJESTIC Resources says it has deferred the registration date for its 1:1 bid for Namakwa Diamond, claiming the prospective diamond miner has refused to convert 3 million options owned by Majestic into shares.

Majestic sought to covert the options on March 15, the date it launched a hostile takeover of Namakwa 90-minutes after the would-be alluvial sands diamond miner listed.