Lucapa Diamond Finalizes JV Contract for Angola Project, Increases Stake to 51%, Shares Up 6%

MT Newswires Live

03-20

Lucapa Diamond (ASX:LOM) said it has finalized the joint-venture mineral investment contract for the Lulo project in Angola, with the company to increase its stake in the JV to 51%, according to a Thursday Australian bourse filing.

The joint venture partners are Endiama, Rosas & Petalas and Lucapa, according to the filing.

The company shares rose 6% in recent Thursday trade.

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