RE:RE:RE:Do we really have almost 400mil Shares OS?
10 years ago, are you kidding me? I call BS that you even heard about Lucara till 2010 when they acquired the Karowe mine from African Diamonds. For those who haven't read Lucara's history, here it is. I'm sure Mr in the Fog from your great DD you already know this.
Lucara was incorporated by Articles of Incorporation on July 31, 1981, under the laws of the State of Colorado, USA as "Le/O Oil & Gas, Inc." and subsequently changed its name to "Le/O Enterprises, Inc." on June 3, 1986. In November 1986, the Company acquired all of the issued and outstanding shares of Tellis Gold Mining Company, a Colorado corporation. In December 1986, the Company merged with its then wholly-owned subsidiary, Tellis Gold Mining Company, and changed its name to "Tellis Gold Mining Company, Inc.". On January 18, 2002, the Company changed its name to "Bannockburn Resources, Inc.". On April 2, 2004, the Company changed its name to "Bannockburn Resources Limited" and consolidated its then outstanding share capital on a four for one basis. On February 25, 2004 the Company domesticated into the State of Wyoming and on August 12, 2004, continued from the State of Wyoming into the Province of British Columbia under the Business Corporations Act (British Columbia). On August 14, 2007, the Company changed its name to "Lucara Diamond Corp.".
On July 3, 2009, the Company completed a business combination by way of a plan of arrangement. Pursuant to the Arrangement Agreement, the Company acquired all of the issued and outstanding shares of Motapa Diamonds Inc. by issuing 34,455,022 shares on the basis of 0.9055 share for each one Motapa share ("Exchange Ratio"). All outstanding Motapa stock options were exchanged for replacement stock options of the Company using the Exchange Ratio.
On December 20, 2010 pursuant to a plan of arrangement, Lucara acquired all of the issued and outstanding shares of African Diamonds PLC on the basis of 0.80 of a common share of Lucara for each African Diamonds PLC common share by way of an English court-approved Scheme of Arrangement (the "Acquisition"). Upon closing of the Acquisition, Lucara holds a 100% interest in the AK6 project.
In July 2011 the Company received approval for a secondary listing of its common shares on the Foreign Venture Capital Board of the Botswana Stock Exchange (the "BSE"). The Company's common shares commenced trading on the BSE at the market opening on July 25, 2011 under the symbol "LUC".
On August 29, 2011 the Company commenced trading on the Toronto Stock Exchange. The Company's trading symbol "LUC" remained the same. Lucara's shares were delisted from the TSX Venture Exchange at the close of market on August 26, 2011.