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Lucapa Diamond Co. ( (AU:LOM) ) has shared an update.
Lucapa Diamond Company Limited, currently under administration, has entered a binding agreement for a Deed of Company Arrangement (DOCA) with Gaston International DMCC. This agreement involves the transfer of all company shares to Gaston, subject to creditor approval and regulatory conditions. The proposed DOCA promises a full return to creditors and an improved return to shareholders compared to the last traded share price. The outcome of the creditors’ meetings will be announced, impacting the company’s restructuring and future operations.
More about Lucapa Diamond Co.
Lucapa Diamond Company Limited operates in the diamond industry, focusing on diamond exploration and production. The company is involved in the mining and trading of diamonds, with a market focus on high-value gemstones.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.45M
See more insights into LOM stock on TipRanks’ Stock Analysis page.