VANCOUVER, BC, Oct. 31,
2024 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm:
LUC) View PDF version
Lucara Diamond Corp. ("Lucara" or the "Company") reports the
following in accordance with the Swedish Financial Instruments
Trading Act:
The number of issued and outstanding shares of the Company has
decreased to 451,173,948 common shares with voting rights as
of October 31, 2024. The decrease in the number of issued and
outstanding shares from October 1, 2024 to date is
largely due to the return to treasury and cancellation of the
10,000,000 shares received as partial consideration for the sale of
Lucara's interest in the Clara Rough Diamond Sales Platform on
October 6, 2024 (link to news
release). The decrease was offset by an issuance of the Company of
675,000 common shares in accordance with its debenture as described
in the news release from November 15,
2023 (link to news release), as well as the vesting of
employee share units.
The total number of voting rights in the Company is therefore
451,173,948. This figure may be used by shareholders as the
denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the Company under the Swedish Financial Instruments
Trading Act on disclosure of major shareholdings (Transparency
Rules).
On behalf of the Board,
William Lamb
President and Chief Executive Officer
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ABOUT LUCARA
Lucara is a leading independent producer of large exceptional
quality Type IIa diamonds from its 100% owned Karowe Diamond Mine
in Botswana. The Karowe Mine has
been in production since 2012 and is the focus of the Company's
operations and development activities. Lucara has an experienced
board and management team with extensive diamond development and
operations expertise. Lucara and its subsidiaries operate
transparently and in accordance with international best practices
in the areas of sustainability, health and safety, environment, and
community relations. Lucara is certified by the Responsible
Jewellery Council, complies with the Kimberley Process, and has
adopted the IFC Performance Standards and the World Bank Group's
Environmental, Health and Safety Guidelines for Mining (2007).
Accordingly, the development of the Karowe underground expansion
project ("UGP") adheres to the Equator Principles. Lucara is
committed to upholding high standards while striving to deliver
long-term economic benefits to Botswana and the communities in which the
Company operates.
The information in this release is subject to the disclosure
requirements of Lucara pursuant to the Swedish Financial
Instruments Trading Act. This information was submitted for
publication, through the agency of the contact person set out
above, on October 31, 2024, at
2:00 p.m. Pacific Time.
SOURCE Lucara Diamond Corp.
