Bannockburn Resources Limited
CNQ : BKNN

August 10, 2007 11:29 ET

Bannockburn Name Change and Stock Split Effective as of August 14, 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2007) - Bannockburn Resources Limited (CNQ:BKNN) ("Bannockburn" or "the Company") reports that the Company will commence trading under its new name, Lucara Diamond Corp., and on a subdivided, five (new) for one (old), basis effective as of the market opening on August 14, 2007.

As a result of the stock split, shareholders of record at the close of business on August 16, 2007 will be granted four additional common shares for each common share held on that date.

Bannockburn holds a 70% interest in the Mothae Diamond Project in Lesotho, Africa. The project hosts a large diamondiferous kimberlite pipe with an estimated surface extent of 8.8 hectares and is located adjacent to and directly on trend with the world-famous Letseng diamond mine. Management intends to aggressively explore and develop the highly prospective Mothae Diamond Project and continue to evaluate other opportunities in the diamond sector for possible acquisition.

ON BEHALF OF THE BOARD

Lukas Lundin, Director

Forward-looking statements: This press release contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and management's capacity to execute and implement its future plans. Actual results may differ materially from those projected by management.

Contact Information

  • Bannockburn Resources Limited
    Sophia Shane
    Corporate Development
    (604) 689-7842
    (604) 689-4250 (FAX)