Lucapa Raising Capital
The Lucapa Diamond Company is raising capital to advance the search for the primary kimberlite sources of the high-value Lulo alluvial diamonds, preserve mining assets suspended as a result of the COVID-19 pandemic and for general working capital purposes.
- 1 for 5 rights issue at $0.05 per share, with one free attaching $0.10 new option for
each new share issued, giving eligible shareholders the opportunity to subscribe for
up to $5.25 million in new shares - Directors intend to take up their full entitlements under the rights issue
If fully subscribed, the intended Rights Issue will raise a maximum of $5.25 million (before costs)
through the issue of up to 105,102,522 new shares and 105,102,522 new options.
