Lucapa Diamond Company appoints voluntary administrators
Richard Tucker and Paul Pracilio of advisory and investment firm KordaMentha have been appointed as voluntary administrators to ASX-listed Lucapa Diamond Company, Brooking Diamonds, Heartland Diamonds and Australian Natural Diamonds.
The voluntary administrators are undertaking an urgent assessment of the group and the operations and will shortly be starting a dual-track recapitalisation and sale process for it.
Lucapa’s flagship asset is the Lulo mine, in Angola.
Brooking is an early-stage Lamproite exploration project in Western Australia’s West Kimberley. Australian Natural Diamonds is a wholly owned subsidiary of Lucapa.
Parties interested in participating in the recapitalisation and sale process can contact bbarley@kordamentha.com.
Lucapa on May 16 announced that its securities would be suspended from quotation pending the release of an announcement in relation to discussions the company was engaged in to recapitalise its business or restructure its operations.
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