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BRIEF-Lucapa Diamond Co raises $4 million

Published 27/07/2015, 09:59 am
© Reuters.  BRIEF-Lucapa Diamond Co raises $4 million
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July 27 (Reuters) - Lucapa Diamond Co Ltd LOM.AX :

* Lucapa raises $4 million to boost cash flows at lulo LOM.AX

* Says diamond mining operations at lulo generated positive net operating cash flow in June quarter

* Lucapa board has now decided to hold this diamond sale in late August, or early September, when diamond market conditions are expected to be stronger

* Says placement involved the issue of 22.2 million ordinary fully-paid shares at an issue price of $0.18 per share

* Says increased processing capacity throughout the wet season aimed at maximising cash flows all year round

* Proceeds to fund modifications to diamond processing plant and additional equipment for increased wet season mining preparations

* Source text for Eikon ID:nASX7y7Qz6

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