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Lucapa Diamond Co. Ltd. ( (AU:LOM) ) has provided an update.
Lucapa Diamond Company Limited has successfully completed the second tranche of its capital raising effort, securing A$1.8 million through the issuance of 90,006,901 new ordinary shares at A$0.02 each. Additionally, the company issued shares to cover A$329,000 in accrued fees and expenses for directors and senior management. This capital raise aims to strengthen Lucapa’s financial standing and support its ongoing mining and exploration activities, potentially enhancing its market position and delivering value to shareholders.
More about Lucapa Diamond Co. Ltd.
Lucapa Diamond Company Limited is an ASX-listed diamond mining and exploration company with assets in Angola and Australia. It holds interests in the Lulo Diamond Mine in Angola, known for its high-value alluvial diamonds, and is involved in the Lulo Kimberlite Exploration Joint-Venture. In addition, Lucapa acquired the Merlin Diamond Project in Australia, further expanding its diamond operations. The company benefits from a team with extensive global diamond industry experience and networks.
YTD Price Performance: 0.0%
Average Trading Volume: 58,562
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €3.8M
See more insights into LOM stock on TipRanks’ Stock Analysis page.
