VANCOUVER, April 8, 2020 /CNW/ - (LUC – TSX, LUC – BSE, LUC
– Nasdaq Stockholm)
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Lucara Diamond Corp. ("Lucara" or the "Company") announces that
its Annual General and Special Meeting of Shareholders will be held
at Suite 2000, 885 West Georgia St., Vancouver, BC, V6C 3E8 on Friday, May 8, 2020, at 10:30 a.m. Pacific Standard Time, for the
following purposes:
- To receive the audited consolidated financial statements for
the year ended December 31, 2019,
together with the report of the auditors;
- To reappoint the auditor for the upcoming year and to authorize
the directors to fix their remuneration;
- To elect directors for the upcoming year;
- To pass an ordinary resolution to approve certain amendments to
the share unit plan, and the allotment of shares to be issued
thereunder;
- To pass an ordinary resolution to approve a Deferred share unit
plan, and the allotment of shares to be issued thereunder;
- To adopt an advisory resolution on executive compensation;
and
- To transact such further or other business as may properly come
before the Meeting.
The record date for the Annual General and Special Meeting is
April 3, 2020. The Notice of Meeting,
the accompanying Management Proxy Circular and related meeting
materials are now available under the Company's profile on SEDAR at
www.sedar.com and on the Company's website at
www.lucaradiamond.com.
The Company encourages all Shareholders to vote their shares
by proxy in advance of the meeting, via mail, telephone or on the
internet. In conducting the meeting on May 8th, the Company intends to follow
the guidelines for physical distancing prescribed by the Public
Health Agency of Canada to
minimize the spread of the Coronavirus disease (COVID-19), as such
guidelines are applicable as at the date of the Meeting. No
management presentation will be made following the business of the
Meeting.
HOW TO VOTE IF YOUR SECURITIES TRADE ON THE NASDAQ
STOCKHOLM EXCHANGE
The information in this section is of significance to
shareholders who hold their securities ("Euroclear Registered
Securities") through Euroclear Sweden AB, which securities trade on
the Nasdaq Stockholm Exchange. Shareholders who hold Euroclear
Registered Securities are not registered holders of voting
securities for the purposes of voting at the Meeting. Instead,
Euroclear Registered Securities are registered under CDS & Co.,
the registration name of the Canadian Depositary for Securities.
Holders of Euroclear Registered Securities will receive a Form of
Proxy (the "Swedish Proxy") by mail directly from Computershare AB
("Computershare Sweden"). The Swedish Proxy cannot be used to vote
securities directly at the Meeting. Instead, the Swedish Proxy must
be completed and returned to Computershare Sweden, strictly in
accordance with the instructions and deadlines that will be
described in the instructions provided with the Swedish Proxy.
NOMINATION OF NEW DIRECTORS
The term of office of each of the present directors expires at
the Meeting. Five of the nominees are existing directors of the
Corporation. Two long-serving directors, Mr. Brian Edgar and Mr. Richard Clark are retiring from Lucara's Board
of Directors and as such, Mr. David
Dicaire and Mr. Peter
O'Callaghan are nominated for election to the Board to
replace them.
Eira Thomas, President & CEO commented: "Rick Clark and Brian
Edgar have served as Directors of Lucara for 10 and 13 years
respectively, providing valuable guidance and support as the
Company successfully transitioned from an explorer/developer into
one of the worlds' highest margin diamond producers. I would
like to personally thank Rick and Brian for their advice and
dedication over many years of service as we worked to build a
unique and successful business and wish them continued success in
all their future endeavors. As Lucara embarks upon the next
stage in our Company's development, namely the planned expansion of
our mine underground, we are pleased to be broadening the existing
skills and experience of our Board with the addition of two new
Directors, David Dicaire and
Peter O'Callaghan, who have both
agreed to stand for election at the Annual General and Special
Meeting. As Vice-President of Lundin
Gold, Mr. Dicaire was intimately involved in the successful
development of the Fruta del Norte underground gold mine in
Ecuador and brings many years of
prior, multi-billion-dollar project management experience. As
one of Canada's leading specialist
M&A mining lawyers, Mr. O'Callaghan brings a wealth of
experience and insight that will be invaluable as Lucara works to
execute on its strategic plan, including an expansion of our mine
underground as well as Clara."
Mr. Dicaire has over 40 years of experience in the mining,
engineering and construction industry on a variety of global
projects leading both Owner and EPCM teams. Mr. Dicaire is
presently the Vice-President, Projects for Lundin Gold. Prior to joining Lundin Gold in 2016, Mr. Dicaire was employed by
Freeport-McMoRan Inc. as the Project Director for the highly
successful US$4.6 billion Cerro Verde
Expansion Project in Peru. Prior
to moving to Freeport, Mr. Dicaire
was the General Manager, Project Development for South America for Xstrata Copper (now Glencore
plc) based in Santiago, Chile. Mr.
Dicaire's experience covers all facets of company and project
management for all types of mining projects from studies, project
execution and operations. Mr. Dicaire specializes in leading
complex, large scale projects.
Mr. O'Callaghan has practiced securities law for over 35 years,
for the last 25 years at Blake, Cassels & Graydon LLP, with a
particular focus on M&A and corporate finance, including public
company acquisition and sale transactions and public and private
financings. He has acted as independent counsel to investment
dealers and boards of directors and independent committees of
boards. He also has extensive experience negotiating and drafting
shareholders' and joint venture agreements. Mr. O'Callaghan's
clients are exclusively in or connected to the mining sector. He
has acted for issuers and underwriters in respect of many mining
transactions in Canada,
the United States, South America, Africa, China
and Australia.
On behalf of the Board,
Eira Thomas
President and Chief Executive Officer
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ABOUT LUCARA
Lucara is a leading independent producer of large exceptional
quality Type IIa diamonds from its 100% owned Karowe Mine in
Botswana. 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.
ABOUT CLARA
Clara Diamond Solutions (Clara), wholly owned by Lucara Diamond
Corp, is a secure, digital sales platform that uses proprietary
analytics together with cloud and blockchain technologies to
modernize the existing diamond supply chain, driving efficiencies,
unlocking value and ensuring diamond provenance from mine to
finger.
The information in this release is accurate at the time of
distribution but may be superseded or qualified by subsequent news
releases.
The information was submitted for publication, through the
agency of the contact person set out above, at 2:00 p.m. Pacific Time on April 8, 2020.
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SOURCE Lucara Diamond Corp.