VANCOUVER, BC, April 8, 2022 /PRNewswire/ -- (TSX: LUC) (BSE:
LUC) (Nasdaq Stockholm: LUC)
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: View PDF.
- To receive the audited consolidated financial statements for
the year ended December 31, 2021,
together with the report of the auditors;
- To reappoint the auditor for the upcoming year and to authorize
the directors to fix their remuneration;
- To elect directors for the upcoming year;
- To pass an ordinary resolution to approve certain amendments to
the share unit plan; and
- 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;
- 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 and on the Company's website at
https://lucaradiamond.com.
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). 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
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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.
Media Contact: Tetiana
Konstantynivska, Investor Relations &
Communications, +1 604 674 0272 | info@lucaradiamond.com;
Sweden: Robert Eriksson, Investor Relations & Public
Relations, +46 701 112615 | reriksson@rive6.ch; UK Public
Relations: Charles Vivian / Jos
Simson, Tavistock, +44 79 772 97903 |
lucara@tavistock.co.uk