December 16, 2009
Lucara Diamond Corp. (TSXV:LUC) completed a private placement of 110,000,000 subscription receipts at a price of $1.00 per subscription receipt for aggregate gross proceeds of $110,000,000. The funds will be used to satisfy commitments related to the acquisition of the AK6 diamond project in the Republic of Botswana from De Beers, for ongoing exploration and development activity and for general corporate purposes.
Lucara is an African focused diamond exploration and development company and a member of the Lundin Group of Companies. Lucara is building a portfolio of advanced staged diamond assets with a view to become a leading mid-tier African producer.
The offering was conducted through a syndicate of agents led by GMP Securities L.P. and included Canaccord Financial Ltd., BMO Nesbitt Burns Inc., Cormark Securities Inc., Haywood Securities Inc. and PI Financial Corp.
Wildeboer Dellelce LLP acted for the agents in connection with the offering with a team that included Perry Dellelce, Rob Wortzman, Peter Simeon, Darryl Holyday and Zahar Orlov (corporate/securities).