January 31, 2024
PRESS
RELEASE
LUCARA SHARE CAPITAL AND VOTING RIGHTS
UPDATE
VANCOUVER, January 31, 2024 /CNW/ -
(LUC - TSX, LUC - BSE, LUC - Nasdaq Stockholm)
Lucara Diamond Corp. ("Lucara" or the
"Company") reports the following in accordance with the Swedish
Financial Instruments Trading Act:
The Company issued 1,900,000 common
shares to its largest shareholder, Nemesia S.a.r.l., as
consideration under its debenture of $63.0 million, as described in
the Company's news release from January 9, 2024. The number of
issued and outstanding shares of the Company has increased to
458,077,393 common shares with voting rights as at January 31,
2024.
The total number of voting rights in
the Company is therefore 458,077,393. 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. Clara Diamond Solutions
Limited Partnership ("Clara"), a wholly-owned subsidiary of Lucara,
has developed a secure, digital sales platform that uses
proprietary analytics together with cloud and blockchain
technologies to modernize the existing diamond supply chain,
driving efficiencies, unlocking value and ensuring diamond
provenance from mine to finger. 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 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 is information that
Lucara is obliged to make public pursuant to the EU Market Abuse
Regulation and the Swedish Securities Markets Act. This information
was submitted for publication, through the agency of the contact
person set out above, on January 31, 2024 at 2:00pm Pacific
Time.