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