REG - Lucara Diamond Corp - LUCARA ANNOUNCES RETIREMENT OF CHAIRMAN

Lucara DiamondAnnouncement

18/02/2022 07:15

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RNS Number : 0606C  Lucara Diamond Corp  18 February 2022

February 17, 2022

 

NEWS RELEASE

 

LUCARA ANNOUNCES RETIREMENT OF CHAIRMAN

 

February 17, 2022 Vancouver, British Columbia (LUC - TSX, LUC - BSE, LUC -
Nasdaq Stockholm) Lucara Diamond Corp. ("Lucara" or the "Company") announces
that Mr. Lukas Lundin, current Chair and a Director of the Company, has
indicated his intention to retire from the Board upon the completion of his
term at the Company's upcoming 2022 Annual Meeting of Shareholders.

 

Eira Thomas, President and CEO, commented, "On behalf of the Board and
management team of Lucara, I want to thank Lukas for his invaluable
contributions to the Company as a founder and visionary, who was instrumental
in transforming Karowe into one of the world's leading, high margin diamond
mines, renowned for its recovery of large, high value diamonds and the only
mine in recorded history to have recovered three diamonds in excess of 1000
carats. With his ongoing support, we look forward to a long and successful
future at Karowe, expanding the mine underground and extending mine-life out
until at least 2040."

 

Given the significant Lundin family ownership of Lucara shares (~24.5%), it is
the family's intention to recommend ongoing representation on the Lucara Board
of Directors.  The Company's Corporate Governance and Nominating Committee
will evaluate and assess the skills and experience for any director nominee to
replace Mr. Lundin, to ensure that Lucara retains the skills and experience
necessary for a competent board.

 

The director nominee will stand for election at Lucara's Annual General
Meeting, scheduled to be held on May 6, 2022 in Vancouver, Canada.

 

On behalf of the Board,

 

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

 

 

ABOUT LUCARA

Lucara is a leading independent producer of large exceptional quality Type IIa
diamonds from its 100% owned Karowe Mine in Botswana and owns a 100% interest
in Clara Diamond Solutions, a secure, digital sales platform positioned to
modernize the existing diamond supply chain and ensure diamond provenance from
mine to finger.  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 person set out above, at 12:00 p.m. Pacific Time on February 17, 2022.

 

 

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