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Lucapa Diamond Company: Extends closing date for rights issue

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

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