Correction: Lucara Received Conditional Approval to Change Its Swedish Listing to NASDAQ First North Growth Market
Tel: +1 604 674 0272 Suite 2800, Four Bentall Centre lucaradiamond.com
[email protected] 1055 Dunsmuir Street, PO Box 49225
Vancouver, BC, V7X 1L2
January 24, 2025
NEWS RELEASE
CORRECTION: LUCARA RECEIVED CONDITIONAL APPROVAL TO CHANGE ITS SWEDISH LISTING TO
NASDAQ FIRST NORTH GROWTH MARKET
VANCOUVER, B.C., January 24, 2025 /CNW/ (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)
Lucara Diamond Corp. (“Lucara” or the “Company”) has applied for and today received conditional approval from
Nasdaq Stockholm for admission to commence trading on the Nasdaq First North Growth Market in Sweden. The first
day of trading on Nasdaq First North Growth Market is expected to be Friday, January 31, 2025. The Company’s listing
on the Toronto Stock Exchange and the Botswana Stock Exchange will not be affected by this transition.
On December 20, 2024, Lucara announced that its Board of Directors had approved the transition of the listing venue
of the Company's shares from Nasdaq Stockholm to Nasdaq First North Growth Market. Nasdaq Stockholm has
conditionally approved both the Company’s application to delist its shares from Nasdaq Stockholm as well as its
application for admission to commence trading on the Nasdaq First North Growth Market. The transition is contingent
on the Company fulfilling the requirement for distribution share s in accordance with the Nasdaq First North Growth
Market Rulebook , making the necessary updates to its the website at least two days prior to the anticipated
commencement of trading on Nasdaq First North Growth Market, and further that no material events occur prior to the
change in the listing venue which could trigger another assessment by Nasdaq Stockholm.
The last day for trading of the Company's shares on Nasdaq Stockholm expected to be January 30, 2025, and the first
day for trading on Nasdaq First North Growth Market is expected to be January 31, 2025.
The shareholders in Lucara are not required to take any measures in connection with the list change.
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 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 wit h peer companies. The transition further reinforces the Company's strategic focus on
advancing its underground mining project.
On behalf of the Board,
William Lamb
President and Chief Executive Officer
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For further information, please contact:
Vancouver Hannah Reynish, Investor Relations & Communications
+1 604 674 0272| [email protected]
2
Sweden Robert Eriksson, Investor Relations & Public Relations
+46 701 112615 | [email protected]
UK Public Relations Charles Vivian / Emily Moss, Tavistock
+44 77 885 54035 | [email protected]
ABOUT LUCARA
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe
Diamond Mine in Botswana. The Karowe Mine has been in production since 2012 and is the focus of the Company’s
operations and development activities. Lucara has an experienced board and management team with extensive
diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance
with international best practices in the areas of sustainability, health and safety, environment, and community relations.
Lucara is certified by the Responsible Jewellery Council, complies with the Kimberley Process, and has adopted the IFC
Performance Standards and the World Bank Group’s Environmental, Health and Safety Guidelines for Mining (2007).
Accordingly, the development of the Karowe underground expansion project (“UGP”) adheres to the Equator Principles.
Lucara is committed to upholding high standards while striving to deliver long-term economic benefits to Botswana and
the communities in which the Company operates.
The information in this release is subject to the disclosure requirements of Lucara pursuant to the Swedish Financial
Instruments Trading Act. The information contained in this news release was accurate at the time of dissemination but
may be superseded by subsequent news release(s). The Company's certified adviser on the Nasdaq First North Growth
Market is Bergs Securities AB, [email protected], +46 739 49 62 50. This information was submitted for
publication, through the agency of the contact person set out above, on January 24, 2025, at 11:00 a.m. Pacific Time.