With them pulling out so many huge diamonds lately I would have been surprised if this didn't happen.
Lucara Gets $31 Million In New Funding
By Rob Bates | June 25, 2021
"A few days after Lucara Diamond discovered yet another 1,000-plus ct. diamond at its Karowe mine (pictured) in Botswana, the company announced it has received 38 million Canadian dollars (about $30.9 million) in new funding.
There were two streams for this new funding. The first came from a group of underwriters, led by BMO Capital Markets, that agreed to buy 29.4 million common shares of the company, at CA$0.75 per share, for gross proceeds of CA$22 million (or approximately $17.9 million).
The underwriters also have the option to purchase additional shares of this public offering.
Concurrently, Lucara is offering a private placement of approximately CA$16 million (about $13 million), on the same terms as the public offering, to Nemesia S.à.r.l. and certain other investors. Nemesia is an insider of the company, and this deal is considered a “related party transaction.”
The two offerings are expected to close on July 15, pending all regulatory approvals.
The net proceeds of both offerings will be used for ... "
https://www.jckonline.com/editorial-art ... n-funding/
Lucara Gets $31 Million In New Funding
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Lucara Gets $31 Million In New Funding
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ISG Registered Gemologist
· ´¨¨)) -:¦:-¸.·´ .·´¨¨))
((¸¸.·´ ..·´ There are miracles left for you to do .... -:¦:- -:¦:-
-:¦:- ((¸¸.·´* It all begins inside of you.