Recently, William Lamb, President and Chief Executive Officer said, the Board of Directors of Lucara Diamond Corp has approved the application to Nasdaq to delist the Company’s shares from Nasdaq Stockholm Main Market and, simultaneously, to apply to be listed on Nasdaq First North Growth Market. The Company’s listing on the Toronto Stock Exchange and the Botswana Stock Exchange will not be affected by this transition.
The Company estimates that the process may take up to 60 days. Following a transfer in the Swedish listing venue, the Company will continue to publish interim reports quarterly, which, as before, will be prepared in accordance with IFRS Accounting Standards, including International Accounting Standard 34, Interim Financial Reporting.
Lucara has a long history of operating in a public environment and will continue to communicate transparently with market participants. The Company has appointed Bergs Securities AB as its Certified Adviser.
The Board of Directors has determined that the transition to Nasdaq First North Growth Market is in the best interest of the Company, as its market capitalization aligns more closely with this exchange and creates a favourable environment for competing with peer companies. The transition further reinforces the Company’s strategic focus on advancing its underground mining project.
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