VANCOUVER, BC, Dec. 20,
2024 /CNW/ - (TSX: LUC), (BSE: LUC), (Nasdaq
Stockholm: LUC) PDF Version
The Board of Directors of Lucara Diamond Corp. ("Lucara" or the
"Company") has approved the application to Nasdaq to delist the
Company's shares from Nasdaq Stockholm Main Market and,
simultaneously, to apply to be listed on Nasdaq First North Growth
Market. The Company's listing on the Toronto Stock Exchange and the
Botswana Stock Exchange will not be affected by this
transition.
The Company estimates that the process may take up to 60 days.
Following a transfer in the Swedish listing venue, the Company will
continue to publish interim reports quarterly, which, as before,
will be prepared in accordance with IFRS Accounting Standards,
including International Accounting Standard 34, Interim
Financial Reporting. Lucara has a long history of operating in
a public environment and will continue to communicate transparently
with market participants.
The Company has appointed Bergs Securities AB as its Certified
Adviser.
The Board of Directors has determined that the transition to
Nasdaq First North Growth Market is in the best interest of the
Company, as its market capitalization aligns more closely with this
exchange and creates a favourable environment for competing with
peer companies. The transition further reinforces the Company's
strategic focus on advancing its underground mining project.
On behalf of the Board,
William Lamb
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 Diamond Mine
in Botswana. The Karowe Mine has
been in production since 2012 and is the focus of the Company's
operations and development activities. Lucara has an experienced
board and management team with extensive diamond development and
operations expertise. Lucara and its subsidiaries operate
transparently and in accordance with international best practices
in the areas of sustainability, health and safety, environment, and
community relations. Lucara is certified by the Responsible
Jewellery Council, complies with the Kimberley Process, and has
adopted the IFC Performance Standards and the World Bank Group's
Environmental, Health and Safety Guidelines for Mining (2007).
Accordingly, the development of the Karowe underground expansion
project ("UGP") adheres to the Equator Principles. Lucara is
committed to upholding high standards while striving to deliver
long-term economic benefits to Botswana and the communities in which the
Company operates.
The information is information that Lucara is obliged to make
public pursuant to the EU Market Abuse Regulation. This information
was submitted for publication, through the agency of the contact
person set out above, on December 20,
2024, at 2 p.m. Pacific
Time.
SOURCE Lucara Diamond Corp.
