03:50 PM EST - Lucara Diamond Corp. : announced that it has signed a letter of intent, which contemplates Lucara acquiring all of the outstanding shares of Motapa Diamonds pursuant to a plan of arrangement under the Business Corporations Act. Each Motapa share will be exchanged for 0.9055 shares of Lucara representing a 104-per-cent premium to Motapa's trailing 20-day volume weighted average price on the TSX Venture Exchange. The transaction will provide the combined company, among other items, with additional exploration assets in Namibia, Gabon and the Democratic Republic of Congo. Lucara Diamond Corp.
shares V.LUC are trading even at $0.50.
