Mr. William Lamb reports
LUCARA PROVIDES CLARITY ON RECENT REUTERS' ARTICLE
A proposed amendment to the Botswana Precious and Semi Precious Stones (Protection) Act as described in a Reuters article released on Sept. 18, 2017, regarding the Botswana government's right to purchase diamonds that are unusually large or have unusual features at market prices, will have no impact on Lucara Diamond Corp.'s financial position.
The bill as mentioned in the article states that, "The price to be paid by government for a rough or uncut precious stone offered for sale by the producer shall be agreed by the parties in accordance with the current market price of the rough or uncut precious stone."
Lucara is in agreement with this policy as a way for both the government and the company to achieve sustainable revenue at market prices for the sale of its diamonds.
About Lucara
Diamond Corp.
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100-per-cent-owned Karowe mine in Botswana.
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