Lucapa Diamond reports 'widespread uncertainty', issues securities

Lucapa said yesterday it recovered 11,744 carats in Q1, including 273 individual diamonds weighing +4.8 carats. Lucapa said 2020 started well enough, but COVID-19 ended the run.

The ASX-listed diamond miner also announced yesterday it is attempting to raise about $5.25 million by issuing securities. The company said it will use the funds for exploration and to preserve mining assets suspended as a result of the COVID-19 pandemic, as well as general corporate purposes.

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