Lucapa closes rights issue

Diamond miner Lucapa has raised A$5.25-million through its non-renounceable pro-rata rights issue to bankroll its search for the primary kimberlite source of the high value alluvial diamonds recovered at its Lulo project, in Angola.

The company in April announced the rights issue under which eligible shareholders were able to subscribe for one new share for every five shares held, at an issue price of 5c each, and a free attaching option at an exercise price of 10c and an expiration date of two years from the date of issue.