7.5 C
London
Friday, March 29, 2024
HomeAUSLucapa Diamond Company: Extends closing date for rights issue

Lucapa Diamond Company: Extends closing date for rights issue

Date:

Lucapa Diamond Company: Extends closing date for rights issue

  • Lucapa Diamond Company (LOM) has extended the closing date for its rights issue from March 20 to March 30
  • This change was bought on as a result of the current volatile market conditions
  • Then the company is looking to raise $6.7M through a placement and one-for-14 rights issue
  • Funds raised will used to advance the Lulo kimberlite exploration program, general working capital and corporate purposes
  • Lucapa’s share price is steady today with shares trading for eight cents each
  • To date, Lulo has also achieved gross revenues of US$150M at an average sale price of US$2000 per carat

Related stories

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img