/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES./
VANCOUVER, BC, July 15, 2021 /CNW/ - (TSX: LUC) (BSE: LUC)
(Nasdaq Stockholm: LUC)
Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to
announce that it has closed its previously announced bought deal
financing (the "Offering") as well as the previously announced
concurrent private placement (the "Concurrent Private Placement"
and together with the Offering, the "Financing") for aggregate
gross proceeds of approximately C$41.4
million. Please view PDF version.
Pursuant to the Offering, a total of 33,810,000 common shares of
the Company ("Common Shares"), including 4,410,000 Common Shares
issued pursuant to the over-allotment option, which was exercised
in full, were sold at a price of C$0.75 per Common Share, for aggregate gross
proceeds of approximately C$25.4 million. The Common Shares issued
pursuant to the Offering were offered by way of a short form
prospectus (the "Prospectus") filed in British Columbia, Alberta, Manitoba, Ontario and Quebec. The Offering was conducted through a
syndicate of underwriters comprised of BMO Capital Markets and
Scotia Capital Inc.
Pursuant to the Concurrent Private Placement, a total of
21,347,733 Common Shares were sold at a price of C$0.75 per share for additional aggregate gross
proceeds of approximately C$16
million, which included an investment by Nemesia S.à.r.l. No
commission or other fee was paid to the underwriters in connection
with the sale of Common Shares pursuant to the Concurrent Private
Placement. The Common Shares issued pursuant to the Concurrent
Private Placement are subject to a statutory hold period in
Canada expiring on November 16, 2021. The Financing is subject to
final approval by the Toronto Stock Exchange (the "TSX").
The net proceeds of the Financing will be used for working
capital to support the development and ongoing operation of the
Karowe diamond mine, including the Karowe Underground Expansion
Project as described in the Company's press release of July 12, 2021.
This news release is not an offer to the public to subscribe for
Common Shares or otherwise acquire Common Shares or other financial
instruments in the Company, whether in Sweden or in any other EEA Member State and
does not constitute a prospectus in accordance within the meaning
of Regulation (EU) 2017/1129 of the European Parliament and of the
Council of 14 June 2017. No such
prospectus has been or will be prepared in connection with the
Offering or the Private Placement.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of securities in the United States. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold within the United States unless registered under the
U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
Eira Thomas
President and Chief Executive Officer
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LinkedIn
ABOUT LUCARA
Lucara is a leading independent producer of large exceptional
quality Type IIa diamonds from its 100% owned Karowe Mine in
Botswana and owns a 100% interest
in Clara Diamond Solutions, a secure, digital sales platform
positioned to modernize the existing diamond supply chain and
ensure diamond provenance from mine to finger. The Company has an
experienced board and management team with extensive diamond
development and operations expertise. The Company operates
transparently and in accordance with international best practices
in the areas of sustainability, health and safety, environment and
community relations.
The information in this release is accurate at the time of
distribution but may be superseded or qualified by subsequent news
releases.
This information is information that the Company is obliged to
make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of
the contact persons set out above, at 9:00
a.m. Eastern Time on July
15, 2021.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and
elsewhere constitute forward-looking statements as defined in
applicable securities laws. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "expects", "anticipates", "believes",
"intends", "estimates", "potential", "possible" and similar
expressions, or statements that events, conditions or results
"will", "may", "could" or "should" occur or be achieved and
include, without limitation, the proposed use of the net proceeds
of the Financing and the ability of the Company to obtain final
approval from the TSX.
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made,
including in respect to the intended use of proceeds and Lucara's
ability to obtain the final TSX approval for the Financing. These
assumptions, opinions and estimates 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. The Company believes that expectations
reflected in this forward-looking information are reasonable, but
no assurance can be given that these expectations will prove to be
accurate and such forward-looking information included herein
should not be unduly relied upon.
There can be no assurance that such forward looking statements
will prove to be accurate, as the Company's results and future
events could differ materially from those anticipated in this
forward-looking information as a result of those factors discussed
in or referred to under the heading "Risks and Uncertainties" in
the Company's most recent Annual Information Form and under the
heading "Risk Factors" in the Prospectus, which is available at
http://www.sedar.com, as well as changes in general business and
economic conditions, changes in interest and foreign currency
rates, the supply and demand for, deliveries of and the level and
volatility of prices of rough diamonds, costs of power and diesel,
acts of foreign governments and the outcome of legal proceedings,
inaccurate geological and recoverability assumptions (including
with respect to the size, grade and recoverability of mineral
reserves and resources), and unanticipated operational difficulties
(including failure of plant, equipment or processes to operate in
accordance with specifications or expectations, cost escalations,
unavailability of materials and equipment, government action or
delays in the receipt of government approvals, industrial
disturbances or other job actions, adverse weather conditions, and
unanticipated events relating to health safety and environmental
matters).
Accordingly, readers are cautioned not to place undue reliance
on these forward-looking statements which 3 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.
SOURCE Lucara Diamond Corp.