Lucapa Diamond launches share purchase plan

Lucapa Diamond Company (ASX:LOM) has announced a Share Purchase Plan (SPP) aimed at raising up to A$1.5 million. This plan allows eligible shareholders to purchase up to A$30,000 worth of new shares at A$0.02 each, with one free attaching option for every two shares, exercisable at A$0.06. The proceeds will support exploration at the Merlin Diamond Project and general working capital.

Lucapa Diamond's strategic financial move

Lucapa Diamond Company has introduced a Share Purchase Plan to raise up to A$1.5 million, offering eligible shareholders the chance to buy up to A$30,000 worth of new shares at A$0.02 each. Participants will receive one free unlisted option for every two shares, exercisable at A$0.06. The initiative is designed to fund exploration activities at the Merlin Diamond Project and cover general working capital needs. Lucapa continues to focus on enhancing its diamond exploration and mining operations, with interests in both Angola and Australia. The company's strategic financial move aims to bolster its exploration efforts and strengthen its financial position.

Executive commentary on share purchase plan

The funds raised through this SPP will enable Lucapa to accelerate exploration at the Merlin Diamond Project and provide additional working capital. We are excited about the opportunities ahead and are pleased to offer our shareholders an attractive investment opportunity.