VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/15/12 -- Lucara Diamond Corp. (TSX: LUC)(BOTSWANA: LUC)(NASDAQ OMX First North: LUC) ("Lucara" or the "Corporation") is pleased to report that at the Corporation's Annual General Meeting held today in Vancouver, shareholders approved all of the resolutions put forward at the meeting, namely:
-- Approved the consolidated audited financial statements of the
Corporation for the year ended December 31, 2011, together with the
report of the auditors thereon;
-- Fixed the number of directors at seven;
-- Elected Lukas Lundin, William Lamb, Richard Clark, Paul Conibear, Brian
Edgar, John Gurney, and Eira Thomas as directors for the ensuing year;
-- Appointed PricewaterhouseCoopers, LLP as auditors for the Corporation
for the ensuing year, at a remuneration to be fixed by the directors of
the Corporation.
A copy of the presentation given immediately following the Annual General Meeting is available on the Company's website.
About Lucara
Lucara is a well positioned new diamond producer. The Company has an experienced board and management team with years of diamond development expertise. The Company's two key assets are the Karowe Mine in Botswana and the Mothae Project in Lesotho. The 100% owned Karowe Mine is a newly constructed mine is in the production ramp-up stage with full scale production expected to be achieved by the end of the second quarter of 2012. The 75% owned Mothae Project is currently in the trial mining stage.
On Behalf of the Board,
William Lamb, President and CEO
Lucara's Certified Advisor on NASDAQ OMX First North is Pareto Ohman AB.
Contacts:
Lucara Diamond Corp.
Sophia Shane
Corporate Development
+1 (604) 689-7842
+1 (604) 689-4250 (FAX)
lucara@namdo.com
www.lucaradiamond.com
Lucara Diamond Corp.
Robert Eriksson
Investor Relations, Sweden
+46 701-112615
