Ann: Trading Halt, page-61

https://www.**promotion blocked**.au/2018/04/06/why-these-4-asx-shares-are-in-trading-halts/


Lucapa Diamond Co Ltd (ASX: LOM)

This diamond producer requested a trading halt pending the announcement of a significant funding package to advance its diamond projects, including an extensive follow-up drilling and exploration program at its Brooking diamond discovery site. According to The Australian, Lucapa aims to raise $15 million in order to crank up exploration activities to see if Brooking can emerge as Australia’s next great diamond discovery. This is great timing for the company given that rival Argyle Diamonds, Australia’s biggest diamond mine and the source of rare and prized fancy pink gems, is nearing the end of its mine life. That mine currently supplies an estimated 10% of the world’s diamonds.