Lucara Diamond to acquire Clara Diamond for $29M

Michelle Fyfe reports
 
LUCARA DIAMOND ANNOUNCES ACQUISTION OF CLARA DIAMOND SOLUTIONS CORPORATION
 
Lucara Diamond Corp. has agreed to acquire Clara Diamond Solutions Corp., a company whose primary asset is a secure, digital sales platform that will transform how rough diamonds are sold, unlocking value for diamond producers and manufacturers alike. Clara uses proprietary analytics together with cloud and blockchain technologies to modernize the existing diamond supply chain, driving efficiencies and ensuring diamond provenance from mine to finger. Lucara has agreed to purchase Clara for a total upfront consideration of 13.1 million shares of Lucara (approximately $29-million in upfront consideration based on the closing price of Lucara common shares as at Feb. 22, 2018) resulting in approximately 3.7-per-cent dilution to its existing share capital.
Read more: Lucara Diamond Corp ( LUC )

Mountain Province Diamonds to Acquire Kennady Diamonds in a Friendly All-Share Offer

TORONTO and NEW YORK, Jan. 29, 2018 - Mountain Province Diamonds Inc. ("Mountain Province") (TSX and NASDAQ: MPVD) and Kennady Diamonds Inc. ("Kennady") (TSX-V: KDI) are pleased to announce that they have entered into a definitive arrangement agreement ("Arrangement Agreement") pursuant to which Mountain Province will acquire all of the issued and outstanding common shares of Kennady by way of a court-approved plan of arrangement (the "Transaction").
 
Under the terms of the Transaction, Kennady shareholders will receive 0.975 (the "Exchange Ratio") of a Mountain Province common share (a "Mountain Province Share") for each Kennady common share (a "Kennady Share"), representing the equivalent of C$3.46 per Kennady Share, based on the closing price of Mountain Province Shares on the TSX on January 26, 2018. 
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Lucara Announces Third Quarter Results

VANCOUVER, BRITISH COLUMBIA--(Nov. 2, 2017) -Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") is pleased to announce third quarter revenues of $77.9 million or $1,161 per carat (all dollar amounts are in US dollars unless otherwise stated).
 
HIGHLIGHTS
Financial:
Revenue was $77.9 million or $1,161 per carat (Q3 2016: $38.1 million or $332 per carat)
EBITDA was $49.8 million (Q3 2016: $12.4 million)
Read more: Lucara Diamond Corp ( LUC )

Mountain Province Diamonds Production Report for the Third Quarter Ended September 30, 2017 and Results of Eighth Diamond Sale

TORONTO and NEW YORK, Oct. 24, 2017  - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces production results for the third quarter ended September 30, 2017 from the Gahcho Kué Diamond Mine ("GK Mine"), as well as the results of its recently completed eighth diamond sale.
 
Q3 Production Highlights
Mining of overburden, waste rock and ore in the 5034 open pit for the third quarter was approximately 8.3 million tonnes, with approximately 695,000 tonnes of ore (100 percent basis) stockpiled at period end.
In the third quarter of 2017, the GK Mine treated approximately 823,000 tonnes of ore through the process plant (14% greater than current forecast) and recovered approximately 1,825,000 carats on a 100% basis (19% greater than current forecast) for an average grade of approximately 2.22 carats per tonne. The Company's attributable share of third quarter diamond production was approximately 894,000 carats.
Read more: Mountain Province Diamonds ( MPVD )

Lucara Announces Sale of 1,109 carat Lesedi La Rona

VANCOUVER, BRITISH COLUMBIA--(Sept. 25, 2017) -Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") is pleased to announce that the historic 1,109 carat Lesedi La Rona recovered from the Karowe mine in Botswana in November 2015 (see news release dated November 19, 2015) has been sold for US$53 million (US$47,777 per carat) to Graff Diamonds.
 
Laurence Graff comments, "We are thrilled and honoured to become the new custodians of this incredible diamond. The stone will tell us its story, it will dictate how it wants to be cut, and we will take the utmost care to respect its exceptional properties. This is a momentous day in my career, and I am privileged to be given the opportunity to honour the magnificent natural beauty of the Lesedi La Rona."
Read more: Lucara Diamond Corp ( LUC )

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