On July 15, 2021, Lucara Diamond Corp. closed the transaction. The company issued 21,347,733 common shares for gross proceeds of CAD 16,010,800. The common shares issued pursuant to the transaction are subject to a statutory hold period in Canada expiring on November 16, 2021. The company paid no commission or other fee was paid to the underwriters in the transaction. The transaction is subject to final approval by the Toronto Stock Exchange.