DIAMONDS
Diamond miner Lucapa Diamond Company has secured A$19-million in capital to fund the acquisition and development of the Mothae kimberlite diamond project, in Lesotho.
The ASX-listed miner said on Friday that the funding package included a A$9.2-million underwriting agreement with Westar Capital for 46.2-million listed options, priced at 20c each, due to expire at the end of September this year. Westar will earn a 5% underwriting fee and a 1% management fee, due on signing.
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