By Idex Online,
March 9, 2010 at 8:00 AM
Pangea DiamondFields has decided to sell Dimbi Diamonds SAU, the holding company for the Dimbi project in the Central African Republic, to a senior employee, the company announced Tuesday. In the deal, Pangea is selling the subsidiary for $500,000 and will receive 5 percent royalty payments based on future gross sales.