The rights issue will close on February 15.
Eligible shareholders would be allowed to purchase one new share for every existing Kimberley share held, with the shares to be priced at 2c each.
Kimberley Diamonds had raised additional debt of A$ 2.9 million since 1 October 2016, and repaid A$ 1.0 million debt.
It also had a total debt of A$ 22.6 million as at 1 December 2016.
The Lerala Mine comprises five diamond bearing kimberlite pipes and an existing diamond processing plant that had been recommissioned, with Lerala restarting diamond processing operations in April 2016.
Lerala produced 9,338 carats last November.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished