Pro Civil (Pty) Ltd entered into a binding agreement to acquire Gem Diamonds Botswana Proprietary Limited from Gem Diamonds Limited (LSE:GEMD) for $5.4 million on June 20, 2019. Pro Civil (Pty) Ltd will assume the environmental liability currently associated with Gem Diamonds Botswana Proprietary Limited. Gem Diamonds Botswana Proprietary Limited had a loss before tax of $4.9 million and gross assets of $3.9 million for the year ended December 31, 2018. The deal is subject to regulatory approvals. The transaction is expected to be completed in the third quarter of 2019. Gem Diamonds Limited will use the sale proceeds for general corporate purposes. Pro Civil (Pty) Ltd cancelled the acquisition of Gem Diamonds Botswana Proprietary Limited from Gem Diamonds Limited (LSE:GEMD) on March 11, 2021. The agreement got lapsed due to certain suspensive conditions not being met, however the process was again opened to other prospective buyers during the year and has entered into an exclusivity agreement with an interested party with whom potential sale discussins are continuing.