Thursday, June 30, 2022
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Login
  • Register
  • Home
  • News
  • Economy
  • Columns
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports

    BNSC finally disburses Grants to NSAs

    P3m needed for sports awards

    The Mares receive P4.1m from BNSC for Women’s AFCON

    Metropolitan injects P152K into Chess Tourney

    FIDE seconds Trainer to BCF

    Makwala focused on making money this season

    Makwala focused on making money this season

    Athletes urged to desist from doping

    Athletes urged to desist from doping

    P3m needed for sports awards

    BNSC explains delayed Grants to NSAs

    Trending Tags

    No Result
    View All Result
    • Home
    • News
    • Economy
    • Columns
    • Companies & Markets
    • In Business With
    • Lifestyle
      • Motoring
    • Sports

      BNSC finally disburses Grants to NSAs

      P3m needed for sports awards

      The Mares receive P4.1m from BNSC for Women’s AFCON

      Metropolitan injects P152K into Chess Tourney

      FIDE seconds Trainer to BCF

      Makwala focused on making money this season

      Makwala focused on making money this season

      Athletes urged to desist from doping

      Athletes urged to desist from doping

      P3m needed for sports awards

      BNSC explains delayed Grants to NSAs

      Trending Tags

      No Result
      View All Result
      The Business Weekly & Review
      No Result
      View All Result
      Home Companies & Markets

      Lucara announces C$38 million financing for Karowe

      The net proceeds of the Public Offering and Private Placement will be used for working capital to support the development and ongoing operation of the Karowe diamond mine.

      mm by Staff Writer
      June 28, 2021
      in Companies & Markets
      Reading Time: 4 mins read
      0
      Share on FacebookShare on Twitter

      Lucara Diamond announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets under which the underwriters have agreed to buy on bought deal basis 29,400,000common at a price of C$0.75 per Common Share for gross proceeds of approximately C$22 million.

      The company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Public Offering, to purchase up to an additional 15 percent of the Public Offering to cover over-allotments, if any. The offering is expected to close on or about July 15, 2021 and is subject to Lucara receiving all necessary regulatory approvals.

      The Company also announced that it has agreed to launch a concurrent private placement of approximately C$16 million on the same terms as the Public Offering (the “Private Placement” and together with the Public Offering, the “Financing”) to Nemesia S.à.r.l. (Nemesia) and to certain other investors on a private placement basis. Any Common Shares issued pursuant to the Private Placement will be subject to a statutory hold period in Canada for a period of 4 months and one day. The Private Placement is expected to close on or about July 15, 2021 and is subject to Lucara receiving all necessary regulatory approvals.

      The net proceeds of the Public Offering and Private Placement will be used for working capital to support the development and ongoing operation of the Karowe diamond mine.

      Navigation

      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports

      Recent News

      • Did Abdoola’s Dubai Debacle violate BSE Rules?
      • Deduct 10% commission, always!
      • The building blocks of financial success
      • Protecting the investor
      • Experts expect ERTP to gain pace

      Site

      • About
      • Advertise
      • Privacy Policy
      • Cookie Policy
      • Contact

      © 2021 The Business Weekly & Review. All Rights Reserved.

      No Result
      View All Result
      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports

      © 2021 The Business Weekly & Review. All Rights Reserved.

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?