July 31,
2024
NEWS
RELEASE
LUCARA SHARE CAPITAL
AND VOTING RIGHTS UPDATE
VANCOUVER, B.C., July
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:
On July 5, 2024, the
Company issued 1,575,000 common shares in accordance with its
debenture as described in the Company's news release from November
15, 2023 (link
to news release). The number of issued and outstanding shares
of the Company has increased to 460,498,948 common shares with
voting rights as at July 31, 2024.
The total number of
voting rights in the Company is therefore 460,498,948. 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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For further
information, please contact:
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 which
ensures 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 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 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 July 31, 2024, at 2:30 p.m.
Pacific Time.
CAUTIONARY NOTE
REGARDING FORWARD LOOKING STATEMENTS
Certain of the
statements made and contained herein and elsewhere constitute
"forward-looking information" and "forward-looking statements" as
defined in applicable securities laws. Generally, any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, budgets, schedules, goals, strategy,
projections, objectives, assumptions or future events or
performance and often (but not always) using forward-looking
terminology such as "expects", "is expected", "anticipates",
"assumes", "believes", "estimates" and similar expressions or
statements that certain actions, events, conditions or results
"would", "will", "may", "might", "could" or "should" be taken,
occur or be achieved or the negative of any of these terms and
similar expressions) are not statements of historical fact and may
be forward-looking statements.
Forward-looking
information and statements are based on the opinions and estimates
of management as of the date such statements are made, and they are
subject to a number of known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievement expressed or implied by
such forward-looking statements due to a variety of
risks, uncertainties, and other factors, including, without
limitation, those referred to in the Company's most recent
MD&A and Annual Information Form, both available at SEDAR+ at
www.sedarplus.ca. The
foregoing is not exhaustive of the factors that may affect any of
our forward-looking statements.
The Company believes
that expectations reflected in this forward-looking information are
reasonable and has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended and no assurance can
be given that these expectations will prove to be
accurate. Accordingly, readers
are cautioned not to place undue reliance on these forward-looking
statements which speak only as of the date the statements were
made, and the Company does not assume any obligations to update or
revise them to reflect new events or circumstances, except as
required by law.
