REG - Lucara Diamond Corp - ANNUAL GENERAL & SPECIAL MEETING TO BE HELD MAY 6

Lucara DiamondAnnouncement

08/04/2022 07:00

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RNS Number : 7724H  Lucara Diamond Corp  08 April 2022

April 7, 2022

 

PRESS RELEASE

 

LUCARA ANNUAL GENERAL AND SPECIAL MEETING TO BE HELD MAY 6, 2022

 

VANCOUVER, April 7, 2022 /CNW/ - (LUC - TSX, LUC - BSE, LUC - Nasdaq
Stockholm)

 

Lucara Diamond Corp. ("Lucara" or the "Company") announces that its Annual
General and Special Meeting of Shareholders will be held at the office of
Blake, Cassels & Graydon LLP, Suite 2600, 595 Burrard St., Vancouver,
British Columbia V7X 1L3, on Friday, May 6, 2022 at 11:00 a.m. Pacific
Standard Time, for the following purposes:

 

 1.  To receive the audited consolidated financial statements for the year ended
     December 31, 2021, together with the report of the auditors;
 2.  To reappoint the auditor for the upcoming year and to authorize the directors
     to fix their remuneration;
 3.  To elect directors for the upcoming year;
 4.  To pass an ordinary resolution to approve certain amendments to the share unit
     plan; and
 5.  To pass an ordinary resolution to approve certain amendments to the Company's
     share unit plan which is proposed to be amended to increase the maximum share
     reservation and to approve the unallocated awards under the Share Unit Plan;
 6.  To adopt an advisory resolution on executive compensation.

 

The record date for the Annual General and Special Meeting is March 23, 2022.
The Notice of Meeting, the accompanying Management Proxy Circular and related
meeting materials are available under the Company's profile on SEDAR at
www.sedar.com (http://www.sedar.com) and on the Company's website at
https://lucaradiamond.com (https://lucaradiamond.com/investors/agm-materials/)
.

 

The Corporation encourages you to vote your shares by proxy in advance of the
Meeting, via mail, telephone or on the internet. Voting instructions need to
be received at least one business day before the proxy deposit date. The proxy
deposit date is May 4, 2022, 11:00 a.m. (Pacific Standard Time), any proxy
form received after that time will not be valid. In conducting the Meeting on
May 6, 2022, the Corporation intends to follow the guidelines for physical
distancing prescribed by the Public Health Agency of Canada to minimize the
spread of the novel coronavirus disease (COVID-19), as such guidelines are
applicable as at the date of the Meeting. No management presentation will be
made following the business of the Meeting.

 

HOW TO VOTE IF YOUR SECURITIES TRADE ON THE NASDAQ STOCKHOLM EXCHANGE

The information in this section is of significance to shareholders who hold
their securities ("Euroclear Registered Securities") through Euroclear Sweden
AB, which securities trade on the Nasdaq Stockholm Exchange. Shareholders who
hold Euroclear Registered Securities are not registered holders of voting
securities for the purposes of voting at the Meeting. Instead, Euroclear
Registered Securities are registered under CDS & Co., the registration
name of the Canadian Depositary for Securities. Holders of Euroclear
Registered Securities will receive a Form of Proxy (the "Swedish Proxy") by
mail directly from Computershare AB ("Computershare Sweden"). The Swedish
Proxy cannot be used to vote securities directly at the Meeting. Instead, the
Swedish Proxy must be completed and returned to Computershare Sweden, strictly
in accordance with the instructions and deadlines that will be described in
the instructions provided with the Swedish Proxy.

 

NOMINATION OF NEW DIRECTORS

The term of office of each of the present directors expires at the Meeting. On
February 17, 2022, Mr. Lukas Lundin, current Chair and a Director of the
Corporation, indicated his intention to retire from the Board (link to press
release
(https://lucaradiamond.com/newsroom/news-releases/lucara-announces-retirement-of-chairman-122837/)
). Six of the nominees are existing directors of the Corporation and Mr. Adam
Lundin is nominated for election to the Board to replace Mr. Lukas Lundin.

 

Eira Thomas, President & CEO commented: "On behalf of the Board and
management team of Lucara, I would like to once again express our gratitude
and thanks to Lukas for his wise counsel and leadership over more than a
decade, helping to build Lucara into one of the world's leading producers of
large, exceptional, high value gem diamonds and the only diamond mine to
recover three diamonds in excess of 1000 carats. At the same time, we are
delighted to be recognizing the ongoing support and commitment of the Lundin
family with the nomination of Adam Lundin to our Board of Directors at a
critical time, as we push forward with the Karowe underground mine expansion,
expected to add at least $4 billion in revenues out to at least 2040."

 

Mr. Adam Lundin has many years of experience in capital markets and public
company management across the natural resources sector. His background
includes oil & gas and mining technology, investment advisory,
international finance and executive management. He began his career working
for several Lundin Group mining companies in various countries before moving
into finance where he specialized in institutional equity sales, ultimately
becoming co-head of the London office for an international securities firm.
Mr. Lundin is currently the President, CEO and a Director of Josemaria
Resources, another Lundin Group company. Mr. Lundin was the former President
and CEO of Filo Mining, and now serves as the Chairman of the Board. He is
also a Director of NGEx Minerals Ltd., Lundin Energy AB and the Lundin
Foundation.

 

Eira Thomas

President and Chief Executive Officer

 

Follow Lucara Diamond on Facebook (https://www.facebook.com/LucaraDiamond/) ,
Twitter (https://twitter.com/LucaraDiamond) , Instagram
(https://www.instagram.com/lucaradiamond/) , and LinkedIn
(https://www.linkedin.com/company/lucara-diamond-corp-)

 

For further information, please contact:

 

 Tetiana Konstantynivska  Investor Relations & Communications
                          +1 604 674 0272| info@lucaradiamond.com (mailto:info@lucaradiamond.com)

 Sweden                   Robert Eriksson, Investor Relations & Public Relations
                          +46 701 112615 | reriksson@rive6.ch (mailto:reriksson@rive6.ch)

 UK Public Relations      Charles Vivian / Jos Simson, Tavistock
                          +44 79 772 97903 | lucara@tavistock.co.uk (mailto:lucara@tavistock.co.uk)

 

 

ABOUT LUCARA

Lucara is a leading independent producer of large exceptional quality Type IIa
diamonds from its 100% owned Karowe Mine in Botswana. The Company has an
experienced board and management team with extensive diamond development and
operations expertise.  The Company operates transparently and in accordance
with international best practices in the areas of sustainability, health and
safety, environment and community relations.

 

The information in this release is accurate at the time of distribution but
may be superseded or qualified by subsequent news releases.

 

The information was submitted for publication, through the agency of the
contact persons set out above, at 3:30 PM Pacific Time on April 7, 2022.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

Certain of the statements made and contained herein and elsewhere constitute
forward-looking statements as defined in applicable securities laws.
Generally, these forward-looking statements can be identified by the use of
forward-looking terminology such as "expects", "anticipates", "believes",
"intends", "estimates", "potential", "possible" and similar expressions, or
statements that events, conditions or results "will", "may", "could" or
"should" occur or be achieved.

Forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made, and they are subject to a
number of known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievement
expressed or implied by such forward-looking statements. The Company believes
that expectations reflected in this forward-looking information are
reasonable, but no assurance can be given that these expectations will prove
to be accurate and such forward-looking information included herein should not
be unduly relied upon.

In particular, forward-looking information and forward-looking statements in
this news release may include, but are not limited to, information or
statements with respect to expected revenues over the remaining life of mine
and how long the Company will be able to operate the Karowe Mine.  There can
be no assurance that such forward looking statements will prove to be
accurate, as the Company's results and future events could differ materially
from those anticipated in this forward-looking information as a result of
those factors discussed in or referred to under the heading "COVID-19 Global
Pandemic" in the Company's most recent MD&A and under the heading "Risks
and Uncertainties" in the Company's most recent Annual Information Form, both
available at http://www.sedar.com, as well as changes in general business and
economic conditions, the ability to continue as a going concern, changes in
interest and foreign currency rates, changes in inflation, the supply and
demand for, deliveries of and the level and volatility of prices of rough
diamonds, costs of power and diesel, impacts of potential disruptions to
supply chains, acts of foreign governments and the outcome of legal
proceedings, inaccurate geological and recoverability assumptions (including
with respect to the size, grade and recoverability of mineral reserves and
resources), and unanticipated operational difficulties (including failure of
plant, equipment or processes to operate in accordance with specifications or
expectations, cost escalations, unavailability of materials and equipment,
government action or delays in the receipt of government approvals, industrial
disturbances or other job actions, adverse weather conditions, and
unanticipated events relating to health safety and environmental matters).

Accordingly, readers are cautioned not to place undue reliance on these
forward-looking statements which speak only as of the date the statements were
made, and the Company does not assume any obligations to update or revise them
to reflect new events or circumstances, except as required by law.

 

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