Lucara Diamond has obtained approval of a secondary listing of its shares on NASDAQ OMX Stockholm.
It said in a statement emailed to Rough&Polished that the shares were expected to commence trading on the Main Market on May 23, 2014.
“The last day of trading of the Company's shares on NASDAQ OMX First North is expected to be May 22, 2014,” said the company.
Lucara said its shareholders were not required to take action in connection with the listing and no new shares will be issued in connection with the change.
Lucara owns the Karowe mine in Botswana and the Mothae project in Lesotho.
Karowe mine was fully commissioned in 2012.
The Mothae project hosts a large diamondiferous kimberlite pipe with an estimated surface extent of 8.8 hectares and was located adjacent to and directly on trend with the world-famous Letseng diamond mine.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
