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LUCARA CLOSES UPSIZED $165.0 MILLION PRIVATE PLACEMENT
LUCARA CLOSES UPSIZED $165.0 MILLION PRIVATE PLACEMENT Canada NewsWire /NOT FOR D...
About this update from Lucara Diamond Corp.
[{"type":"text","content":"\n\n\nLUCARA CLOSES UPSIZED $165.0 MILLION PRIVATE PLACEMENT\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\nVANCOUVER, BC, Jan. 29, 2026 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC)\nLucara Diamond Corp. (\"Lucara\" or the \"Company\") is pleased to announce that it has closed its previously announced non-brokered private placement, which was originally announced on January 9, 2026 (see January 9, 2026 News Release), and was subsequently upsized to total gross proceeds of $165.0 million on January 14, 2026 (see January 14, 2026 News Release) due to strong investor demand. All dollar amounts reflected in Canadian dollars unless otherwise stated. PDF Version\nWilliam Lamb, President and CEO of Lucara, commented, \"We are very pleased with the outcome of the recent oversubscribed private placement, which included participation of a number of institutional investors from around the world as well as the Lundin Family Trusts. This financing will enhance our ability to accelerate key developments on the Karowe Underground Project planned for 2026.\"\nEquity Private Placement\nThe Company issued an aggregate of 1,031,250,000 common shares in the capital of the Company (the \"Common Shares\") at a price of $0.16 per Common Share for aggregate gross proceeds of $165.0 million (the \"Private Placement\"). In connection with the Private Placement, the Company paid a $2.5 million finder's fee in connection with a portion of the Private Placement to select finders including BMO Nesbitt Burns Inc., Haywood Securities Inc., Leede Financial Inc., Canaccord Genuity Corp., and Pareto Securities AB, excluding the participation of the Lundin Family Trusts (see January 19, 2026 News Release). All Common Shares issued pursuant to the Private Placement are subject to a four-month statutory hold period under applicable Canadian securities laws.\nThe Company expects that the net proceeds of the Private Placement will be used to address the Company's li...