Lucapa receives additional A$8.8m tranche from Sociedade Mineira Do Lulo

ASX-listed Lucapa Diamond Firm has acquired an extra A$8.8-million tranche from diamond firm Sociedade Mineira Do Lulo (SML). 

That completes the beforehand authorized SML shareholder mortgage compensation of A$14.8-million, Lucapa mentioned on December 14. 

This follows the Nationwide Financial institution of Angola’s approval of the complete repatriation of Lucapa’s alluvial funding mortgage in August. 

About A$20-million in SML dividends and mortgage repayments have now been repatriated to Lucapa from Angola through the 12 months.  

As well as, the SML shareholders handed a decision on the current basic meeting for an extra A$5.9-million dividend and a A$5.9-million mortgage compensation.  

These funds will begin within the first quarter of subsequent 12 months. 

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