Lucapa Diamond Company: Extends closing date for rights issue
- Lucapa Diamond Company (LOM) has extended the closing date for its rights issue from March 20 to March 30
- This change was bought on as a result of the current volatile market conditions
- Then the company is looking to raise $6.7M through a placement and one-for-14 rights issue
- Funds raised will used to advance the Lulo kimberlite exploration program, general working capital and corporate purposes
- Lucapa’s share price is steady today with shares trading for eight cents each
- To date, Lulo has also achieved gross revenues of US$150M at an average sale price of US$2000 per carat
