LOM 1.43% 7.1¢ lucapa diamond company limited

Ann: Trading Halt, page-10

  1. 1,231 Posts.
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    given their repeatedly stated objective of no further dilution for existing SH I doubt it will be a CR. Also a funding package for Mothae was announced 26 may 2017.

    "... is pleased to announce the conclusion of a funding package of up to A$19 million to fund the acquisition and advancement of the high-value Mothae kimberlite diamond project in Lesotho, southern Africa (“Mothae”).
    The funding package includes the underwriting of LOMOA options, a bridging loan and the issue of new options. When combined with the cash repatriated from the Lulo diamond mine in Angola (See ASX announcement 25 May 2017), the funding package leaves Lucapa on track to commence commissioning Mothae in the first quarter of 2018 under a staged, low-risk development plan."

    So what is the change that requires a trading halt...very interesting
 
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