Lucapa Diamond Co. Ltd. (AU:LOM) has released an update.
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Lucapa Diamond Company Limited has secured a $3 million funding package to accelerate its exploration efforts at the Merlin Diamond Project and enhance working capital. The funding was raised through a two-tranche placement, involving both institutional investors and company insiders converting unpaid fees to equity. This financial boost aims to fast-track the project’s potential, promising significant returns for shareholders.
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