TIDM0QUI
RNS Number : 2843J
Lucara Diamond Corp
09 April 2020
April 8, 2020
PRESS RELEASE
LUCARA ANNUAL GENERAL AND SPECIAL MEETING TO BE HELD MAY 8,
2020
VANCOUVER, April 8, 2020 /CNW/ - (LUC - TSX, LUC - BSE, LUC -
Nasdaq Stockholm)
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:
1. To receive the audited consolidated financial statements for
the year ended December 31, 2019, together with the report of the
auditors;
2. To reappoint the auditor for the upcoming year and to
authorize the directors to fix their remuneration;
3. To elect directors for the upcoming year;
4. To pass an ordinary resolution to approve certain amendments
to the share unit plan, and the allotment of shares to be issued
thereunder;
5. To pass an ordinary resolution to approve a Deferred share
unit plan, and the allotment of shares to be issued thereunder;
6. To adopt an advisory resolution on executive compensation; and
7. 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 8(th) , 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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LinkedIn
For further information, please contact:
North America Christine Warner, Investor Relations & Communications
+1 604 689-7842 | info@lucaradiamond.com
Sweden Robert Eriksson, Investor Relations & Public
Relations
+46 701 112615 | reriksson@rive6.ch
UK Public Relations Emily Moss / Jos Simson, Tavistock
+447788554035 | lucara@tavistock.co.uk
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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