The issue to Westar of 11.6 million unlisted A$0.35 options (“Fee Options”), expiring 12 months from issue. The Fee Options are expected to be issued around 30 September 2017. If exercised, the Fee Options will generate additional cash proceeds of approximately A$4.1 million for Lucapa at a time when Lucapa commences the studies for the 2 million tonne per annum Phase 2 development of Mothae.
Ann: Mothae Diamond Project - Funding Update, page-3
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