Source - RNS
RNS Number : 0563L
Lucapa Diamond Company Limited
28 September 2016
 

 

 

 

 

 

ASX Announcement                                                                                                28 September 2016

 

 

LULO DIAMONDS SELL FOR A$5.3 MILLION

 

 

Lucapa Diamond Company Limited (ASX: LOM) and its partners, Empresa Nacional de Diamantes E.P. ("Endiama") and Rosas & Petalas, are pleased to announce the results from the latest sale of alluvial diamonds from the Lulo Diamond Project in Angola.

 

The parcel of 2,209 carats of Lulo diamonds sold for gross proceeds of US$4.1 million (A$5.3 million), representing an average sale price of US$1,868 (A$2,437) per carat.

 

Total sales during calender year 2016 now total US$32.1 million (A$44.1 million).

 

The next sale is currently scheduled to be held in late October and will include both the 104 and 172 carat Type IIa D-colour gems recovered in September 2016 (See ASX announcements of 21 September 2016 and 26 September 2016 respectively) as well as run-of-mine production.

 

 

For and behalf of the Board.

 

STEPHEN WETHERALL

CHIEF EXECUTIVE OFFICER


Forward-Looking Statements

 

This announcement has been prepared by Lucapa Diamond Company Limited. This document contains background information about Lucapa Diamond Company Limited and its related entities current at the date of this announcement. This is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this announcement. This announcement is for information purposes only. Neither this document nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.

 

This announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This document does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

 

No responsibility for any errors or omissions from this document arising out of negligence or otherwise is accepted. This document does include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Lucapa Diamond Company Limited. Actual values, results, outcomes or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements.

 

Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and ASX Listing Rules, Lucapa Diamond Company Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this document or any changes in events, conditions or circumstances on which any such forward-looking statement is based.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRASEWSWAFMSEEU