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.