Zebra Holdings & Investments S.a.r.l.

Lorito Holdings S.a.r.l.

December 18, 2009 18:29 ET

Zebra Holdings & Investments S.a.r.l. and Lorito Holdings S.a.r.l.: Corporate Update

LUXEMBOURG, LUXEMBOURG--(Marketwire - Dec. 18, 2009) - Lorito Holdings S.a.r.l. ("Lorito") and Zebra Holdings & Investments S.a.r.l. ("Zebra") announce that on December 16, 2009 they purchased a total of 16,000,000 subscription receipts exercisable into 16,000,000 common shares of Lucara Diamond Corp. (the "Company") at a price of $1.00 per subscription receipt, pursuant to a private placement transaction. Prior to the purchase of the subscription receipts, Lorito and Zebra owned 11,777,777 common shares of the Company or 11.92% of the Company's current issued and outstanding share capital. Upon the exercise in full of the subscription receipts, Lorito and Zebra will own and have control over a total of 27,777,777 common shares of the Company, or approximately 13.31% of the issued and outstanding shares of the Company, assuming no other shares of the Company are issued in the intervening period. Lorito and Zebra each relied upon the accredited investor exemption provided for in section 2.3 of National Instrument 45-106 in connection with the issuance of the subscription receipts.

Lorito and Zebra have acquired securities in the Company for investment purposes only and may, in the ordinary course of their business, acquire additional securities of the Company depending on market and other conditions.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Zebra Holdings & Investments S.a.r.l. and
    Lorito Holdings S.a.r.l.
    Mr. Aksel Azrac
    + 352-266-448-1