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On August 12, 2004, the Company was continued into British Columbia under the British Columbia Business Corporations Act. On August 14, 2007, the Company changed its name from Bannockburn Resources Limited to Lucara Diamond Corp., conducted a five (new) for one (old) stock split and began trading on the CNQ under the new symbol "LUCA". The Company's shares were delisted from the CNQ on July 18, 2008, and on July 21, 2008, the Company began trading on the TSX Venture Exchange under the trading symbol "LUC".
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.
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