Lucara Diamond Corp. and Motapa Diamonds Inc., is a joint venture partners on one particular project and this came out to the public on Tuesday in order to form merged company focused on Africa. Lucara is a member of the Lundin group of companies and it stated that its main target/aim is to assemble a portfolio of projects which enable it to become a leading mid-tier African diamond manufacturer.

William Lamb who is general manager of Lucara stated that in order to create an added value this business amalgamation is an excellent opportunity and also establishes a focused, strategic platform for further expansion in Africa.
This is the correct time to consolidate Mothae and make larger more assessing future growth opportunities. The dealings call for Lucara to get Motapa in exchange for shares which will result in Motapa shareholders owning 35% of the combined company. Each Motapa share gonna be exchanged for 0.9055 share of Lucara.