Lucara Diamond Corp. - Share/Corporate History

2008

On July 21, 2008, the Company commenced trading on the TSX-V following delisting of its shares from the CNQ at the close of market on July 18, 2008.
On August 15, 2008, the Company closed a non-brokered private placement of 5,555,556 million Common Shares at a price of C$0.90 per share for gross proceeds of C$5 million.

2009

On April 30, 2009, the Company entered into the Motapa Arrangement Agreement to effect a business combination of the two companies pursuant to a plan of arrangement (see "Significant Acquisitions" for further details). As a result of the business combination with Motapa which was completed on July 3, 2009, the Company increased its interest in the Mothae Diamond Project to 100% and acquired additional exploration assets in Namibia, Gabon and the Democratic Republic of Congo (the "Lufupa Project"). The exploration assets in Gabon and the Lufupa Project were subsequently relinquished.
On September 21, 2009, the Company was granted a diamond mining lease for the Mothae Diamond Project by the Lesotho Department of Natural Resources and concurrently entered into a mining agreement with the GoL that provided the commercial terms of the GoL's participation in the Mothae Diamond Project (see "Mothae Diamond Project, Project Description and Location" for details).
On November 10, 2009, the Company entered into the Boteti Sales Agreement to acquire an initial 70.268% direct and indirect interest in Boteti, the owner of a 100% interest in the AK6 Mine (see "Significant Acquisitions" below for further details). The transaction closed on December 17, 2009, following receipt of the approval of the GRB to the transaction. Concurrently, the Company granted AFD an option to acquire an additional 10.268% interest in Boteti.
On December 16, 2009, the Company concluded a C$110 million private placement and issued 110 million subscription receipts ("Subscription Receipts") at a price of C$1.00 per Subscription Receipt, which were immediately converted to Common Shares. Each Subscription Receipt, as sold by a syndicate of agents, entitled the holder to receive one Common Share.

2010

On March 29, 2010, the Company completed a resource update on the AK6 Mine as part of its ongoing feasibility study.
On April 28, 2010, AFD purchased an additional 10.268% interest in Boteti from the Company in consideration of a cash payment of US$7.3 million.
On June 14, 2010, the Company announced that diamond production for a trial mining phase commenced at the Mothae Diamond Project.
On June 29, 2010, the Company and its then partner, AFD, received an updated feasibility study on the AK6 Mine and awarded project engineering to DRA Africa (Pty) Ltd. The study indicated that the first phase will require a capital investment, including contingency, of US$120 million, inclusive of the process plant and all mine site and off-site infrastructure. Operating costs over the life of mine are estimated to be US$17.20 per/t treated. The financial model, on an all equity basis using June 2010 costs, generates a free cash flow net present value (at 8%) of US$164 million and an internal rate of return of 29%. Diamond production is expected to ramp up to full design capacity during 2012. Also at this time, diamond marketing arrangements were concluded with the GRB in respect of the AK6 Mine.
On October 4, 2010, the Company entered into the AFD Arrangement Agreement to effect a business combination of the two companies pursuant to an English court-approved scheme of arrangement (see "Significant Acquisitions" below for further details). As a result of the business combination with AFD, which was completed on December 20, 2010, the Company secured a 100% interest in the AK6 Mine.
On November 2, 2010, the Company and its then partner, AFD, approved a plan for the construction of the AK6 Mine with full commissioning targeted for early 2012. An agreement with the BPC for the supply of bulk power was concluded and the contract for the power-line construction was issued for tender. Senior staff was recruited and excellent progress was made on environment and community relations tasks, human resource policy, staff housing and recruitment timelines to ensure operational capacity in support of project development and transition to operations.
On November 4, 2010, the Company received the first results from the trial mining program at the Mothae Diamond Project designed to mine and process up to 720,000t of kimberlite from the Mothae pipe to gather further data on diamond grade, size distribution and diamond value information following a previously completed successful 100,000t bulk sample program. The bulk sampling and trial mining programs are in preparation for future commercial diamond production. Trial mining to date has recovered 2,101.73 carats of diamonds from approximately 86,928 dry tonnes mined from the 'C' kimberlite domain of the Mothae pipe.
Effective December 20, 2010, the Company acquired all of the issued and outstanding shares of AFD. Under the AFD Arrangement Agreement, the holders of ordinary shares of AFD received Common Shares on the basis of 0.80 of a Common Share for each ordinary share of AFD (the "AFD Exchange Ratio"), resulting in the issuance of 80,425,726 Common Shares. All outstanding AFD stock options were exchanged for replacement stock options of the Company using the AFD Exchange Ratio, resulting in the issuance of stock options to the AFD stock option holders to purchase 6,460,000 Common Shares. Upon completion of the AFD Arrangement Agreement, AFD became a wholly-owned subsidiary of the Company which resulted in the Company holding an undivided 100% indirect ownership interest in the AK6 Mine.

2011

On January 10, 2010, the Company announces results from the completion of sample C8A, which produced 1,439.85 carats from 49,152 dry tones of kimberlite for a sample grade of 2.93 cpht. As of the completion of sample C8A, the trial mining program at the Mothae Diamond Project had produces a total of 3,634.11 carats of diamonds from approximately 136,231 dry tonnes of kimberlite.
On January 17, 2011, the Company announced that project execution was on target and on budget for the commissioning of the AK6 Mine in the fourth quarter of 2011, ramping up to full production in early 2012. It is expected that the AK6 Mine will produce approximately 400,000 carats of high quality diamonds in its first year of operation.
On February 11, 2011, the Company concluded a C$60 million private placement and issued 60 million common shares at a price of C$1.00 per common share.
On February 14, 2011, the Company announced the appointment of Mr. James Campbell as the Company Vice President New Business.
On March 16, 2011, the Company announces that Mothae Diamonds will be holding its first diamond sale during the period of March 21 to March 28, 2011 in Antwerp, Belgium offering approximately 8,500 carats of diamonds produced from bulk sampling and trial mining at the Mothae Mine.
On March 23, 2011, the Company announces that sample C9A from the Mothae Diamond Project was completed in mid-March, producing 1,937.65 carats of diamonds from 40,370 dry tonnes of kimberlite for a sample grade of 4.80 cpht.
On March 28, 2011, the Company announced the results from the bulk sample and trial mining production sale by open tender in Antwerp during the later part of March 2001. A total of 42 sale lots, totaling 9,831.35 carats were sold for an average of $871.71/carat. Gross proceeds from the sale, which closed on March 28, 2011, totaled approximately $8,177,714


	Corporate Profile Mission Statement Corporate Directory Management Quarterly Highlights Analyst Coverage Share/Corporate History Current Financial Reports Historical Financial Reports Financial Calendar Share Capital Equity Financings Holdings of Insiders Stock Info Notices & Other Filings Articles PFIC Information for U.S. Shareholders Corporate Presentation and Videos Company Brochure Photo Slide Show Corporate Governance Code of Business Conduct & Ethics Links Disclaimer		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. 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. 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. 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". Three Year History 2008 On July 21, 2008, the Company commenced trading on the TSX-V following delisting of its shares from the CNQ at the close of market on July 18, 2008. On August 15, 2008, the Company closed a non-brokered private placement of 5,555,556 million Common Shares at a price of C$0.90 per share for gross proceeds of C$5 million. 2009 On April 30, 2009, the Company entered into the Motapa Arrangement Agreement to effect a business combination of the two companies pursuant to a plan of arrangement (see "Significant Acquisitions" for further details). As a result of the business combination with Motapa which was completed on July 3, 2009, the Company increased its interest in the Mothae Diamond Project to 100% and acquired additional exploration assets in Namibia, Gabon and the Democratic Republic of Congo (the "Lufupa Project"). The exploration assets in Gabon and the Lufupa Project were subsequently relinquished. On September 21, 2009, the Company was granted a diamond mining lease for the Mothae Diamond Project by the Lesotho Department of Natural Resources and concurrently entered into a mining agreement with the GoL that provided the commercial terms of the GoL's participation in the Mothae Diamond Project (see "Mothae Diamond Project, Project Description and Location" for details). On November 10, 2009, the Company entered into the Boteti Sales Agreement to acquire an initial 70.268% direct and indirect interest in Boteti, the owner of a 100% interest in the AK6 Mine (see "Significant Acquisitions" below for further details). The transaction closed on December 17, 2009, following receipt of the approval of the GRB to the transaction. Concurrently, the Company granted AFD an option to acquire an additional 10.268% interest in Boteti. On December 16, 2009, the Company concluded a C$110 million private placement and issued 110 million subscription receipts ("Subscription Receipts") at a price of C$1.00 per Subscription Receipt, which were immediately converted to Common Shares. Each Subscription Receipt, as sold by a syndicate of agents, entitled the holder to receive one Common Share. 2010 On March 29, 2010, the Company completed a resource update on the AK6 Mine as part of its ongoing feasibility study. On April 28, 2010, AFD purchased an additional 10.268% interest in Boteti from the Company in consideration of a cash payment of US$7.3 million. On June 14, 2010, the Company announced that diamond production for a trial mining phase commenced at the Mothae Diamond Project. On June 29, 2010, the Company and its then partner, AFD, received an updated feasibility study on the AK6 Mine and awarded project engineering to DRA Africa (Pty) Ltd. The study indicated that the first phase will require a capital investment, including contingency, of US$120 million, inclusive of the process plant and all mine site and off-site infrastructure. Operating costs over the life of mine are estimated to be US$17.20 per/t treated. The financial model, on an all equity basis using June 2010 costs, generates a free cash flow net present value (at 8%) of US$164 million and an internal rate of return of 29%. Diamond production is expected to ramp up to full design capacity during 2012. Also at this time, diamond marketing arrangements were concluded with the GRB in respect of the AK6 Mine. On October 4, 2010, the Company entered into the AFD Arrangement Agreement to effect a business combination of the two companies pursuant to an English court-approved scheme of arrangement (see "Significant Acquisitions" below for further details). As a result of the business combination with AFD, which was completed on December 20, 2010, the Company secured a 100% interest in the AK6 Mine. On November 2, 2010, the Company and its then partner, AFD, approved a plan for the construction of the AK6 Mine with full commissioning targeted for early 2012. An agreement with the BPC for the supply of bulk power was concluded and the contract for the power-line construction was issued for tender. Senior staff was recruited and excellent progress was made on environment and community relations tasks, human resource policy, staff housing and recruitment timelines to ensure operational capacity in support of project development and transition to operations. On November 4, 2010, the Company received the first results from the trial mining program at the Mothae Diamond Project designed to mine and process up to 720,000t of kimberlite from the Mothae pipe to gather further data on diamond grade, size distribution and diamond value information following a previously completed successful 100,000t bulk sample program. The bulk sampling and trial mining programs are in preparation for future commercial diamond production. Trial mining to date has recovered 2,101.73 carats of diamonds from approximately 86,928 dry tonnes mined from the 'C' kimberlite domain of the Mothae pipe. Effective December 20, 2010, the Company acquired all of the issued and outstanding shares of AFD. Under the AFD Arrangement Agreement, the holders of ordinary shares of AFD received Common Shares on the basis of 0.80 of a Common Share for each ordinary share of AFD (the "AFD Exchange Ratio"), resulting in the issuance of 80,425,726 Common Shares. All outstanding AFD stock options were exchanged for replacement stock options of the Company using the AFD Exchange Ratio, resulting in the issuance of stock options to the AFD stock option holders to purchase 6,460,000 Common Shares. Upon completion of the AFD Arrangement Agreement, AFD became a wholly-owned subsidiary of the Company which resulted in the Company holding an undivided 100% indirect ownership interest in the AK6 Mine. 2011 On January 10, 2010, the Company announces results from the completion of sample C8A, which produced 1,439.85 carats from 49,152 dry tones of kimberlite for a sample grade of 2.93 cpht. As of the completion of sample C8A, the trial mining program at the Mothae Diamond Project had produces a total of 3,634.11 carats of diamonds from approximately 136,231 dry tonnes of kimberlite. On January 17, 2011, the Company announced that project execution was on target and on budget for the commissioning of the AK6 Mine in the fourth quarter of 2011, ramping up to full production in early 2012. It is expected that the AK6 Mine will produce approximately 400,000 carats of high quality diamonds in its first year of operation. On February 11, 2011, the Company concluded a C$60 million private placement and issued 60 million common shares at a price of C$1.00 per common share. On February 14, 2011, the Company announced the appointment of Mr. James Campbell as the Company Vice President New Business. On March 16, 2011, the Company announces that Mothae Diamonds will be holding its first diamond sale during the period of March 21 to March 28, 2011 in Antwerp, Belgium offering approximately 8,500 carats of diamonds produced from bulk sampling and trial mining at the Mothae Mine. On March 23, 2011, the Company announces that sample C9A from the Mothae Diamond Project was completed in mid-March, producing 1,937.65 carats of diamonds from 40,370 dry tonnes of kimberlite for a sample grade of 4.80 cpht. On March 28, 2011, the Company announced the results from the bulk sample and trial mining production sale by open tender in Antwerp during the later part of March 2001. A total of 42 sale lots, totaling 9,831.35 carats were sold for an average of $871.71/carat. Gross proceeds from the sale, which closed on March 28, 2011, totaled approximately $8,177,714