The Mano River Resources owned company Stellar, is on the verge of being floated in order to unlock value for shareholders. The transaction is expected o take place within three months and according to the Sunday Times, Stellar will be valued at about £50 million. Presently, Stellar owns a joint venture with Petra Diamonds (49%) at the Kono Project in Sierra Leone, another joint venture with BHP Billiton also in Sierra Leone. Until now, Mano River owns 68% of Stellar and flotation will affect this percentage to 50%. Private investors currently own 22% of Stellar which they acquired during a private £4.2 million fundraising in July.